203 McTeer AveRidgelandSC29936
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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 Ridgeland at 203 McTeer Ave, Ridgeland, SC, 29936 offers a 9.54% rental yield on a $355,000 purchase with $2,821/mo rent. Total monthly income registers $2,821/mo, and a $1,738/mo payment leaves $707/mo available for distribution. Annual cash flow reaches $8,488/yr on $117,683 to close, and return on cash invested stands at 27.12% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 141.24% and total cumulative return in cash at $166,212. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,821/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.34 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: Anchor Home Group • Keller Williams Realty (322)
Mls Name: REsides, Inc.
Mls ID: #454867