380 Langfordville RdRidgelandSC29936
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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 380 Langfordville Rd, Ridgeland, SC, 29936 uses $89,505 cash to close to unlock $13,131/yr annual cash flow and $1,094/mo monthly cash flow. Total monthly income runs $2,702/mo, and a $1,322/mo payment keeps the spread at $1,094/mo. Purchase price stands at $270,000, and rental yield measures 12.01% with $2,702/mo rent. Return on cash invested shows 34.58% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 181.25% and total cumulative return in cash records $162,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,702/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Manufactured
Built in 2003
3 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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Listed by: Ryanne Goneke • Greco Group Brokered by eXp
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #186771
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.