3016 Ridgecrest RdWallaceSC29596
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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 Wallace at 3016 Ridgecrest Rd, Wallace, SC, 29596 uses $36,465 cash to close to unlock $2,575/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $869/mo, and a $538/mo payment keeps the spread at $215/mo. Purchase price stands at $110,000, and rental yield measures 9.48% with $869/mo rent. Return on cash invested shows 26.97% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 140.42% and total cumulative return in cash records $51,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $869/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
1.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29596, Wallace, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,110 (100%) |
| Owner Occupied HU | 801 (72.2%) |
| Renter Occupied HU | 166 (15.0%) |
| Vacant Housing Units | 143 (12.9%) |
| Median Home Value | $92,885 |
| Average Home Value | $136,167 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,167
Multi-Family
0
Businesses
61
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Listed by: Nicholas Cannon • Re/max Professionals
Mls Name: Pee Dee Realtor Association
Mls Provider:
Mls ID: #20251815
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.