231 Fairway Ridge DrChapinSC29036
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chapin at 231 Fairway Ridge Dr, Chapin, SC, 29036 priced at $400,000 converts $2,707/mo rent into $297/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,707/mo, and annual cash flow totals $3,562/yr on $132,600 invested. Return on cash invested prints 22.6% in year one, and rental yield reads 8.12% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 117.03% and total cumulative return in cash sums $155,176. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,707/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2007
5,662 sqft lot
$N/A/sqft
$346 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29036, Chapin, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,964 (100%) |
| Owner Occupied HU | 10,059 (84.1%) |
| Renter Occupied HU | 883 ( 7.4%) |
| Vacant Housing Units | 1,022 ( 8.5%) |
| Median Home Value | $415,767 |
| Average Home Value | $516,920 |
Housing Distribution
Address Breakdown
Residential
12,113
Single Family
11,956
Multi-Family
157
Businesses
548
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Listed by: Corie Minico • RE/MAX At The Lake
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #598052
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC