1602 Lake RdRidgewaySC29130
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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 Ridgeway at 1602 Lake Rd, Ridgeway, SC, 29130 listed at $768,000 pairs $5,845/mo rent with a $3,759/mo payment to leave $1,273/mo cash flow. Total monthly income runs $5,845/mo, and annual cash flow reaches $15,278/yr on $252,672 cash to close. Return on cash invested measures 26.11% in year one, and rental yield registers 9.13% at a $768,000 basis. Equity gained on principal adds $4,956/yr, and annual property appreciation at 5% supports $212,184 by year five. Five-year ROI tracks 135.74% and total cumulative return in cash totals $342,977. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,845/mo property income relative to a $3,759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29130, Ridgeway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,364 (100%) |
| Owner Occupied HU | 2,400 (71.3%) |
| Renter Occupied HU | 331 ( 9.8%) |
| Vacant Housing Units | 633 (18.8%) |
| Median Home Value | $298,485 |
| Average Home Value | $350,709 |
Housing Distribution
Address Breakdown
Residential
2,850
Single Family
2,832
Multi-Family
18
Businesses
144
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Listed by: Michael K Thomas • Keller Williams Preferred
Mls Name: Consolidated MLS
Mls ID: #622156