275 Kingfisher DrRidgewaySC29130
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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 Ridgeway at 275 Kingfisher Dr, Ridgeway, SC, 29130 offers a 8.49% rental yield on a $295,000 purchase with $2,088/mo rent. Total monthly income registers $2,088/mo, and a $1,444/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,276/yr on $97,793 to close, and return on cash invested stands at 22.24% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 115.66% and total cumulative return in cash at $113,102. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,088/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1974
0.79 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: Kimberly L Puckett • Lake Wateree Properties Inc
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #611958
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC