113 Ridge PointGreenwoodSC29649
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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 Greenwood at 113 Ridge Point, Greenwood, SC, 29649 offers $4,200/mo rent that, after a $2,203/mo payment, leaves $1,479/mo cash flow. Total monthly income is $4,200/mo, and annual cash flow is $17,749/yr on $149,175 cash. Return on cash invested measures 31.81% in year one, and rental yield stands at 11.2% at a $449,999 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,326 by year five. Five-year ROI records 166.49% and total cumulative return in cash reaches $248,357. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,200/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.58 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29649, Greenwood, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,573 (100%) |
| Owner Occupied HU | 8,071 (64.2%) |
| Renter Occupied HU | 3,448 (27.4%) |
| Vacant Housing Units | 1,054 ( 8.4%) |
| Median Home Value | $239,091 |
| Average Home Value | $287,801 |
Housing Distribution
Address Breakdown
Residential
12,380
Single Family
11,329
Multi-Family
1,051
Businesses
1,128
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Listed by: Nicoletta Hutto • Era Wilder Realty Inc
Mls Name: MLS Of Greenwood Sc Inc.
Mls ID: #132545
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.