235 Forest CvRidgelandSC29936
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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 Ridgeland at 235 Forest Cv, Ridgeland, SC, 29936 priced at $270,000 converts $1,800/mo rent into $192/mo cash flow after a $1,322/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $2,307/yr on $89,505 invested. Return on cash invested prints 22.49% in year one, and rental yield reads 8% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 116.4% and total cumulative return in cash sums $104,185. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Manufactured
Built in 1999
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29936, Ridgeland, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,957 (100%) |
| Owner Occupied HU | 4,739 (68.1%) |
| Renter Occupied HU | 1,441 (20.7%) |
| Vacant Housing Units | 777 (11.2%) |
| Median Home Value | $277,227 |
| Average Home Value | $325,328 |
Housing Distribution
Address Breakdown
Residential
6,125
Single Family
5,494
Multi-Family
631
Businesses
766
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Listed by: Gabriela Padron • Mi Casa Real Estate, LLC
Mls Name: Lowcountry Regional MLS
Mls ID: #192370