280 Bridge Creek RdRidge springSC29129
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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 Ridge spring at 280 Bridge Creek Rd, Ridge spring, SC, 29129 priced at $240,000 pairs $1,709/mo rent with $280/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,709/mo, and annual cash flow comes to $3,360/yr on $79,560 invested. Return on cash invested is 24.13% in year one, and rental yield stands at 8.54% on a $240,000 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,308 by year five. Five-year ROI measures 125.18% and total cumulative return in cash reaches $99,590. For financing, Ziffy Mortgage’s DSCR program evaluates $1,709/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
10.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29129, Ridge Spring, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,536 (100%) |
| Owner Occupied HU | 1,057 (68.8%) |
| Renter Occupied HU | 240 (15.6%) |
| Vacant Housing Units | 239 (15.6%) |
| Median Home Value | $185,417 |
| Average Home Value | $236,152 |
Housing Distribution
Address Breakdown
Residential
1,210
Single Family
1,210
Multi-Family
0
Businesses
57
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Listed by: The Cline Team • Meybohm Real Estate - Aiken
Mls Name: Aiken MLS
Mls ID: #221309