2202 State Highway 61RidgevilleSC29472
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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 Ridgeville at 2202 State Highway 61, Ridgeville, SC, 29472 uses $102,765 cash to close to unlock $3,935/yr annual cash flow and $328/mo monthly cash flow. Total monthly income runs $2,173/mo, and a $1,517/mo payment keeps the spread at $328/mo. Purchase price stands at $310,000, and rental yield measures 8.41% with $2,173/mo rent. Return on cash invested shows 23.74% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 123.06% and total cumulative return in cash records $126,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,173/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29472, Ridgeville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,234 (100%) |
| Owner Occupied HU | 3,125 (73.8%) |
| Renter Occupied HU | 666 (15.7%) |
| Vacant Housing Units | 443 (10.5%) |
| Median Home Value | $288,454 |
| Average Home Value | $329,194 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,882
Multi-Family
0
Businesses
187
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Listed by: N/A • ERA Wilder Realty, Inc
Mls Name: CTMLS
Mls Provider:
Mls ID: #25015124
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.