262 1st AveRidgelandSC29936
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ridgeland at 262 1st Ave, Ridgeland, SC, 29936 earns $268/mo cash flow from $1,624/mo rent with a $1,115/mo payment. Total monthly income totals $1,624/mo, and annual cash flow totals $3,214/yr on $75,549 capital. ROI tracks 24.16% on current figures, and rental yield reads 8.55% at a $227,900 purchase. Equity gained on principal adds $1,471/yr, and 5% annual appreciation supports $62,965 over five years. Five-year ROI reaches 125.36% and total cumulative return in cash sums $94,711. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,624/mo property income instead of your personal income.
Single Family
Built in 2025
6,969 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin Cheesman • SERHANT (932)
Mls Name: REsides, Inc.
Mls ID: #501252