1626 Highway 61RidgevilleSC29472
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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
Total monthly income runs $3,618/mo, and a $3,059/mo payment. Purchase price stands at $625,000, and rental yield measures 6.95% with $3,618/mo rent. Return on cash invested shows 19.46% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 100.11% and total cumulative return in cash records $205,849. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,618/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 2024
2.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29472, Ridgeville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,234 (100%) |
| Owner Occupied HU | 3,125 (73.8%) |
| Renter Occupied HU | 666 (15.7%) |
| Vacant Housing Units | 443 (10.5%) |
| Median Home Value | $288,454 |
| Average Home Value | $329,194 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,882
Multi-Family
0
Businesses
187
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Listed by: N/A • RE/MAX Executive
Mls Name: CTMLS
Mls ID: #25021496