347 Broadview DrRidgelandSC29936
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ridgeland at 347 Broadview Dr, Ridgeland, SC, 29936 generates $2,682/mo in rent, after a $5,359/mo payment. Total monthly income is $2,682/mo. Return on cash invested sits at 7.4% in year one, and rental yield is 2.94% on a $1,095,000 entry. Equity gained on principal adds $7,066/yr, while 5% annual appreciation builds toward $302,528 over five years. Five-year ROI reaches 35.34% and total cumulative return in cash sums $125,362. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,682/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
3.90 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Walter (Shannon Tanner) Malphrus • Daniel Ravenel Sotheby's International Realty (358)
Mls Name: REsides, Inc.
Mls ID: #503790