360 McCormack AveRidgelandSC29936
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
Investment property for sale in Ridgeland at 360 McCormack Ave, Ridgeland, SC, 29936 at $262,000 posts ROI 35.42% with $1,123/mo cash flow from $2,682/mo rent. Total monthly income equals $2,682/mo, and annual cash flow records $13,473/yr on $86,853 to close. Return on cash invested measures 35.42% and rental yield reads 12.28% at the current $262,000. Equity gained on principal adds $1,691/yr, and 5% annual appreciation supports $72,386 by year five. Five-year ROI prints 185.73% and total cumulative return in cash totals $161,313.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,682/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
0.28 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
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Nearby investment properties with comparable prices
Listed by: N/A • Century 21 Properties Plus
Mls Name: CTMLS
Mls Provider:
Mls ID: #25020940
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. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.