504 Ridge StBishopvilleSC29010
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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 Bishopville at 504 Ridge St, Bishopville, SC, 29010 priced at $204,000 converts $1,919/mo rent into $705/mo cash flow after a $998/mo obligation. Total monthly income equals $1,919/mo, and annual cash flow totals $8,461/yr on $67,626 invested. Return on cash invested prints 32.42% in year one, and rental yield reads 11.29% against a $204,000 entry. Equity gained on principal adds $1,316/yr, while 5% annual appreciation compiles into $56,361 by year five. Five-year ROI reaches 169.7% and total cumulative return in cash sums $114,760. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,919/mo property income covering a $998/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29010, Bishopville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,963 (100%) |
| Owner Occupied HU | 3,030 (61.1%) |
| Renter Occupied HU | 1,277 (25.7%) |
| Vacant Housing Units | 656 (13.2%) |
| Median Home Value | $120,195 |
| Average Home Value | $144,535 |
Housing Distribution
Address Breakdown
Residential
4,762
Single Family
4,515
Multi-Family
247
Businesses
436
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Nearby investment properties with comparable prices
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