202 Ridley LnElginSC29045
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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 Elgin at 202 Ridley Ln, Elgin, SC, 29045 listed at $254,900 pairs $2,356/mo rent with a $1,248/mo payment to leave $838/mo cash flow. Total monthly income runs $2,356/mo, and annual cash flow reaches $10,059/yr on $84,499 cash to close. Return on cash invested measures 31.81% in year one, and rental yield registers 11.09% at a $254,900 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,424 by year five. Five-year ROI tracks 166.41% and total cumulative return in cash totals $140,616. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,356/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29045, Elgin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,039 (100%) |
| Owner Occupied HU | 9,414 (78.2%) |
| Renter Occupied HU | 1,752 (14.6%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $279,894 |
| Average Home Value | $321,774 |
Housing Distribution
Address Breakdown
Residential
13,024
Single Family
12,229
Multi-Family
795
Businesses
415
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Listed by: Matthew Martin • Metro Realty Group LLC
Mls Name: Consolidated MLS
Mls ID: #624592