489 Ridgeland Lakes DrRidgelandSC29936
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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 Ridgeland at 489 Ridgeland Lakes Dr, Ridgeland, SC, 29936 priced at $309,000 converts $2,916/mo rent into $1,077/mo cash flow after a $1,512/mo obligation. Total monthly income equals $2,916/mo, and annual cash flow totals $12,924/yr on $102,434 invested. Return on cash invested prints 32.53% in year one, and rental yield reads 11.32% against a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation compiles into $85,371 by year five. Five-year ROI reaches 170.18% and total cumulative return in cash sums $174,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,916/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Single Family
Built in 2019
8,712 sqft 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: Kathy H. Gecy • Carolina Realty of the Lowctry
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #188880
Disclaimer: 2025 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.