536 Respite StRidgelandSC29936
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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 536 Respite St, Ridgeland, SC, 29936 uses $146,520 cash to close to unlock $615/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $2,682/mo, and a $2,163/mo payment keeps the spread at $51/mo. Purchase price stands at $441,990, and rental yield measures 7.28% with $2,682/mo rent. Return on cash invested shows 20.33% in year one, and 5% annual appreciation builds toward $122,114 over five years. Five-year ROI reaches 104.81% and total cumulative return in cash records $153,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,682/mo property income covering a $2,163/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,534 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 Ballowe • D R Horton Inc.
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #446510
Disclaimer: We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an as is as available basis only and may not reflect all real estate activity in the market. 2024 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc.