399 S Railroad AveRidgevilleSC29472
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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
Rental property for sale in Ridgeville at 399 S Railroad Ave, Ridgeville, SC, 29472 generates $1,420/mo in rent and, after a $1,003/mo payment, leaves $200/mo in cash flow. Total monthly income is $1,420/mo, and annual cash flow is $2,401/yr on $67,958 invested. Return on cash invested sits at 23.44% in year one, and rental yield is 8.31% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 121.53% and total cumulative return in cash sums $82,590. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,420/mo property income rather than buyer’s personal income.
Manufactured
Built in 2020
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29472, Ridgeville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,234 (100%) |
| Owner Occupied HU | 3,125 (73.8%) |
| Renter Occupied HU | 666 (15.7%) |
| Vacant Housing Units | 443 (10.5%) |
| Median Home Value | $288,454 |
| Average Home Value | $329,194 |
Housing Distribution
Address Breakdown
Residential
3,882
Single Family
3,882
Multi-Family
0
Businesses
187
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Listed by: N/A • AgentOwned Realty
Mls Name: CTMLS
Mls ID: #26001057