308 Ramport StRidgelandSC29936
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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 Ridgeland at 308 Ramport St, Ridgeland, SC, 29936 with 5% annual appreciation on a $429,000 basis while $3,413/mo rent supports operations. Total monthly income totals $3,413/mo and a $2,100/mo payment preserves $792/mo for cash returns. Annual cash flow comes to $9,508/yr on $142,214 deployed, and return on cash invested reaches 26.59% in year one. Equity gained on principal adds $2,768/yr, and five-year appreciation sums $118,525 alongside rental yield of 9.55%. Five-year ROI measures 138.59% and total cumulative return in cash totals $197,101.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,413/mo property income versus a $2,100/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2022
8,712 sqft lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29936, Ridgeland, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,957 (100%) |
| Owner Occupied HU | 4,739 (68.1%) |
| Renter Occupied HU | 1,441 (20.7%) |
| Vacant Housing Units | 777 (11.2%) |
| Median Home Value | $277,227 |
| Average Home Value | $325,328 |
Housing Distribution
Address Breakdown
Residential
6,125
Single Family
5,494
Multi-Family
631
Businesses
766
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Listed by: Annette M Bryant • BHHS Bay Street Realty
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #182407
Disclaimer: 2024 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.