55 Lakeview 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
Investment property for sale in Ridgeland at 55 Lakeview Dr, Ridgeland, SC, 29936 uses $82,842 cash to close to unlock $2,670/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $1,710/mo, and a $1,223/mo payment keeps the spread at $223/mo. Purchase price stands at $249,900, and rental yield measures 8.21% with $1,710/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 119.84% and total cumulative return in cash records $99,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,710/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.77 Acres 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: Warstler Burns Team • Engel & Volkers (625)
Mls Name: REsides, Inc.
Mls ID: #502106