900 S Morris StLake CitySC29560
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lake City at 900 S Morris St, Lake City, SC, 29560 offers $1,619/mo rent that, after a $832/mo payment, leaves $607/mo cash flow. Total monthly income is $1,619/mo, and annual cash flow is $7,285/yr on $56,355 cash. Return on cash invested measures 32.84% in year one, and rental yield stands at 11.43% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 171.94% and total cumulative return in cash reaches $96,897. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,619/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29560, Lake City, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,880 (100%) |
| Owner Occupied HU | 3,381 (57.5%) |
| Renter Occupied HU | 1,748 (29.7%) |
| Vacant Housing Units | 751 (12.8%) |
| Median Home Value | $144,662 |
| Average Home Value | $177,913 |
Housing Distribution
Address Breakdown
Residential
5,338
Single Family
5,243
Multi-Family
95
Businesses
661
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Listed by: Bryce Miles • Keller Williams Palmetto Sumter
Mls Name: Pee Dee Realtor Association
Mls ID: #20254688