261 Ridge Rd LOT 3WellfordSC29385
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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 Wellford at 261 Ridge Rd LOT 3, Wellford, SC, 29385 offers a 7.43% rental yield on a $474,900 purchase with $2,940/mo rent. Total monthly income registers $2,940/mo, and a $2,324/mo payment leaves $113/mo available for distribution. Annual cash flow reaches $1,361/yr on $157,429 to close, and return on cash invested stands at 20.77% in year one. Equity gained on principal adds $3,064/yr while 5% annual appreciation supports $131,206 over five years. Portfolio math shows five-year ROI at 107.18% and total cumulative return in cash at $168,731. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,940/mo property income against a $2,324/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29385, Wellford, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,022 (100%) |
| Owner Occupied HU | 2,850 (70.9%) |
| Renter Occupied HU | 799 (19.9%) |
| Vacant Housing Units | 373 ( 9.3%) |
| Median Home Value | $242,413 |
| Average Home Value | $274,051 |
Housing Distribution
Address Breakdown
Residential
3,821
Single Family
3,821
Multi-Family
0
Businesses
144
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Listed by: Traci Brock • RE/MAX Executive Spartanburg
Mls Name: Greater Greenville AOR
Mls ID: #1571162