11051 Lake Ridge LnSenecaSC29672
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Nearby investment properties with comparable prices
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
Investment property for sale in Seneca at 11051 Lake Ridge Ln, Seneca, SC, 29672 offers a 1.8% rental yield on a $1,260,000 purchase with $1,888/mo rent. 87% in year one. Equity gained on principal adds $8,131/yr while 5% annual appreciation supports $348,115 over five years. Portfolio math shows five-year ROI at 16.43% and total cumulative return in cash at $67,077. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,888/mo property income against a $6,167/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29672, Seneca, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,418 (100%) |
| Owner Occupied HU | 4,776 (64.4%) |
| Renter Occupied HU | 1,406 (19.0%) |
| Vacant Housing Units | 1,236 (16.7%) |
| Median Home Value | $579,159 |
| Average Home Value | $722,852 |
Housing Distribution
Address Breakdown
Residential
6,724
Single Family
6,624
Multi-Family
100
Businesses
240
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Listed by: Janet Cartee • Keller Williams Seneca
Mls Name: WUMLS
Mls ID: #20290558