LOT 37 Shimmer Lake LnNorth AugustaSC29841
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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 North Augusta at LOT 37 Shimmer Lake Ln, North Augusta, SC, 29841 priced at $482,200 converts $2,640/mo rent into after a $2,360/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 18.18% in year one, and rental yield reads 6.57% against a $482,200 entry. Equity gained on principal adds $3,112/yr, while 5% annual appreciation compiles into $133,223 by year five. Five-year ROI reaches 93.25% and total cumulative return in cash sums $149,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,360/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29841, North Augusta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,966 (100%) |
| Owner Occupied HU | 10,367 (64.9%) |
| Renter Occupied HU | 4,266 (26.7%) |
| Vacant Housing Units | 1,333 ( 8.3%) |
| Median Home Value | $214,024 |
| Average Home Value | $274,435 |
Housing Distribution
Address Breakdown
Residential
14,890
Single Family
13,869
Multi-Family
1,021
Businesses
763
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Listed by: Shannon D Rollings • Shannon Rollings Real Estate
Mls Name: Aiken MLS
Mls ID: #220152