2322 Ridge RdHodgesSC29653
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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 Hodges at 2322 Ridge Rd, Hodges, SC, 29653 listed at $130,000 pairs $982/mo rent with a $636/mo payment to leave $189/mo cash flow. Total monthly income runs $982/mo, and annual cash flow reaches $2,272/yr on $43,095 cash to close. Return on cash invested measures 25.18% in year one, and rental yield registers 9.06% at a $130,000 basis. Equity gained on principal adds $839/yr, and annual property appreciation at 5% supports $35,917 by year five. Five-year ROI tracks 131.07% and total cumulative return in cash totals $56,487. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $982/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
12.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29653, Hodges, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,106 (100%) |
| Owner Occupied HU | 1,643 (78.0%) |
| Renter Occupied HU | 240 (11.4%) |
| Vacant Housing Units | 223 (10.6%) |
| Median Home Value | $209,014 |
| Average Home Value | $335,899 |
Housing Distribution
Address Breakdown
Residential
1,967
Single Family
1,967
Multi-Family
0
Businesses
105
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Listed by: Joseph Corley • The Whitmire Agency
Mls Name: MLS Of Greenwood Sc Inc.
Mls ID: #132080
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. Information is deemed reliable but not guaranteed.