313 1st AveRidgelandSC29936
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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 313 1st Ave, Ridgeland, SC, 29936 uses $99,119 cash to close to unlock $11,767/yr annual cash flow and $981/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,463/mo payment keeps the spread at $981/mo. Purchase price stands at $299,000, and rental yield measures 11.08% with $2,760/mo rent. Return on cash invested shows 31.78% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 166.21% and total cumulative return in cash records $164,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1970
8,712 sqft lot
$N/A/sqft
No 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: Alec Smith • Charter One Realty (063L)
Mls Name: REsides, Inc.
Mls ID: #502339