2476 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 2476 Lake Rd, Ridgeway, SC, 29130 offers $2,644/mo rent that, after a $1,832/mo payment, leaves $235/mo cash flow. Total monthly income is $2,644/mo, and annual cash flow is $2,821/yr on $124,047 cash. Return on cash invested measures 22.18% in year one, and rental yield stands at 8.48% at a $374,200 entry. Equity gained on principal adds $2,415/yr while 5% annual appreciation compounds into $103,385 by year five. Five-year ROI records 115.39% and total cumulative return in cash reaches $143,140. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,644/mo property income versus a $1,832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.89 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: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #583010