251 Ridge RdCherawSC29520
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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 Cheraw at 251 Ridge Rd, Cheraw, SC, 29520 offers a 9% rental yield on a $400,000 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $1,958/mo payment leaves $619/mo available for distribution. Annual cash flow reaches $7,424/yr on $132,600 to close, and return on cash invested stands at 25.51% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 132.56% and total cumulative return in cash at $175,780. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in 1980
1.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29520, Cheraw, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,308 (100%) |
| Owner Occupied HU | 3,863 (61.2%) |
| Renter Occupied HU | 1,490 (23.6%) |
| Vacant Housing Units | 955 (15.1%) |
| Median Home Value | $144,354 |
| Average Home Value | $176,859 |
Housing Distribution
Address Breakdown
Residential
5,865
Single Family
5,848
Multi-Family
17
Businesses
584
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Listed by: N/A • N/A
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