2108 Lake 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 2108 Lake Rd, Ridgeway, SC, 29130 with 5% annual appreciation on a $995,000 basis while $5,430/mo rent supports operations. 25% in year one. Equity gained on principal adds $6,421/yr, and five-year appreciation sums $274,900 alongside rental yield of 6.55%. Five-year ROI measures 93.61% and total cumulative return in cash totals $306,426. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,430/mo property income versus a $4,870/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
3.60 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: Michael K Thomas • Keller Williams Preferred
Mls Name: Consolidated MLS
Mls ID: #591632