2863 Hood RdRidgewaySC29130
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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 2863 Hood Rd, Ridgeway, SC, 29130 uses $81,218 cash to close to unlock $3,549/yr annual cash flow and $296/mo monthly cash flow. Total monthly income runs $1,754/mo, and a $1,199/mo payment keeps the spread at $296/mo. Purchase price stands at $245,000, and rental yield measures 8.59% with $1,754/mo rent. Return on cash invested shows 24.28% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 125.97% and total cumulative return in cash records $102,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,754/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
3.24 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: J Parker Smith • RE/MAX Home Team Realty LLC
Mls Name: Consolidated MLS
Mls ID: #619527