274 Ridgeland DrNorth AugustaSC29841
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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
Rental property for sale in North Augusta at 274 Ridgeland Dr, North Augusta, SC, 29841 offers $2,064/mo rent that, after a $1,027/mo payment, leaves $815/mo cash flow. Total monthly income is $2,064/mo, and annual cash flow is $9,778/yr on $69,582 cash. Return on cash invested measures 33.96% in year one, and rental yield stands at 11.8% at a $209,900 entry. Equity gained on principal adds $1,354/yr while 5% annual appreciation compounds into $57,992 by year five. Five-year ROI records 177.87% and total cumulative return in cash reaches $123,764. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,064/mo property income versus a $1,027/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29841, North Augusta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,966 (100%) |
| Owner Occupied HU | 10,367 (64.9%) |
| Renter Occupied HU | 4,266 (26.7%) |
| Vacant Housing Units | 1,333 ( 8.3%) |
| Median Home Value | $214,024 |
| Average Home Value | $274,435 |
Housing Distribution
Address Breakdown
Residential
14,890
Single Family
13,869
Multi-Family
1,021
Businesses
763
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Nearby investment properties with comparable prices
Listed by: Natalie Walls • Auben Realty, LLC
Mls Name: Aiken MLS
Mls ID: #218859