281 Boykin LnRidgevilleSC29472
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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 Ridgeville at 281 Boykin Ln, Ridgeville, SC, 29472 generates $1,765/mo in rent and, after a $1,346/mo payment, leaves $128/mo in cash flow. Total monthly income is $1,765/mo, and annual cash flow is $1,536/yr on $91,163 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 7.7% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 111.56% and total cumulative return in cash sums $101,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,765/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29472, Ridgeville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,234 (100%) |
| Owner Occupied HU | 3,125 (73.8%) |
| Renter Occupied HU | 666 (15.7%) |
| Vacant Housing Units | 443 (10.5%) |
| Median Home Value | $288,454 |
| Average Home Value | $329,194 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,882
Multi-Family
0
Businesses
187
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25020399