15 Silver St #101RidgelandSC29936
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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
Investment property for sale in Ridgeland at 15 Silver St #101, Ridgeland, SC, 29936 offers a 9.64% rental yield on a $334,000 purchase with $2,682/mo rent. Total monthly income registers $2,682/mo, and a $1,635/mo payment leaves $559/mo available for distribution. Annual cash flow reaches $6,702/yr on $110,721 to close, and return on cash invested stands at 25.96% in year one. Equity gained on principal adds $2,155/yr while 5% annual appreciation supports $92,278 over five years. Portfolio math shows five-year ROI at 135.55% and total cumulative return in cash at $150,078. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,682/mo property income against a $1,635/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
1,742 sqft lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29936, Ridgeland, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,957 (100%) |
| Owner Occupied HU | 4,739 (68.1%) |
| Renter Occupied HU | 1,441 (20.7%) |
| Vacant Housing Units | 777 (11.2%) |
| Median Home Value | $277,227 |
| Average Home Value | $325,328 |
Housing Distribution
Address Breakdown
Residential
6,125
Single Family
5,494
Multi-Family
631
Businesses
766
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Listed by: Annette M Bryant • BHHS Bay Street Realty
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #187379
Disclaimer: 2024 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.