4550 Columbia Hwy NRidge SpringSC29129
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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 Ridge Spring at 4550 Columbia Hwy N, Ridge Spring, SC, 29129 priced at $249,500 pairs $1,265/mo rent with after a $1,221/mo payment. Total monthly income equals $1,265/mo. Return on cash invested is 16.72% in year one, and rental yield stands at 6.08% on a $249,500 basis. Equity gained on principal adds $1,610/yr, and 5% annual appreciation accumulates to $68,932 by year five. Five-year ROI measures 85.41% and total cumulative return in cash reaches $70,641. For financing, Ziffy Mortgage’s DSCR program evaluates $1,265/mo property income against a $1,221/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29129, Ridge Spring, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,536 (100%) |
| Owner Occupied HU | 1,057 (68.8%) |
| Renter Occupied HU | 240 (15.6%) |
| Vacant Housing Units | 239 (15.6%) |
| Median Home Value | $185,417 |
| Average Home Value | $236,152 |
Housing Distribution
Address Breakdown
Residential
1,210
Single Family
1,210
Multi-Family
0
Businesses
57
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Listed by: Evelyn Bouknight • JPAR Magnolia Group
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #581052
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC