2150 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
Rental property for sale in Ridgeway at 2150 Lake Rd, Ridgeway, SC, 29130 generates $2,634/mo in rent, after a $3,989/mo payment. Total monthly income is $2,634/mo. Return on cash invested sits at 10.14% in year one, and rental yield is 3.88% on a $815,000 entry. Equity gained on principal adds $5,259/yr, while 5% annual appreciation builds toward $225,169 over five years. Five-year ROI reaches 50.09% and total cumulative return in cash sums $134,317. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,634/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.91 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 Provider:
Mls ID: #558989
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC