1942 Longtown 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 1942 Longtown Rd, Ridgeway, SC, 29130 earns $1/mo cash flow from $2,590/mo rent with a $2,129/mo payment. Total monthly income totals $2,590/mo, and annual cash flow totals $8/yr on $144,203 capital. ROI tracks 19.91% on current figures, and rental yield reads 7.14% at a $435,000 purchase. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 over five years. Five-year ROI reaches 102.56% and total cumulative return in cash sums $147,900. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,590/mo property income instead of your personal income.
Single Family
Built in 1985
5 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: Joey Menendez • The ART of Real Estate
Mls Name: Consolidated MLS
Mls ID: #612586