181 Short Cut RdRidgelandSC29936
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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 Ridgeland at 181 Short Cut Rd, Ridgeland, SC, 29936 priced at $1,000,000 converts $2,885/mo rent into after a $4,895/mo obligation. Total monthly income equals $2,885/mo. Return on cash invested prints 8.87% in year one, and rental yield reads 3.46% against a $1,000,000 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation compiles into $276,282 by year five. Five-year ROI reaches 43.29% and total cumulative return in cash sums $142,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,885/mo property income covering a $4,895/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.11 Acres lot
$N/A/sqft
No 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: Alberto Padron • Land & Homes Real Estate LLC
Mls Name: My State MLS
Mls ID: #11626408