2550 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 2550 Lake Rd, Ridgeway, SC, 29130 offers $4,007/mo rent that, after a $4,356/mo payment. Total monthly income is $4,007/mo. Return on cash invested measures 14.77% in year one, and rental yield stands at 5.4% at a $890,000 entry. Equity gained on principal adds $5,743/yr while 5% annual appreciation compounds into $245,891 by year five. Five-year ROI records 74.95% and total cumulative return in cash reaches $219,448. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,007/mo property income versus a $4,356/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
0.99 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: Michael K Thomas • Keller Williams Preferred
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #606448
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC