5572 Fern Ridge Rd.ConwaySC29527
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Conway at 5572 Fern Ridge Rd, Conway, SC, 29527 generates $1,973/mo in rent and, after a $1,126/mo payment, leaves $604/mo in cash flow. Total monthly income is $1,973/mo, and annual cash flow is $7,243/yr on $76,245 invested. Return on cash invested sits at 29.41% in year one, and rental yield is 10.29% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 153.51% and total cumulative return in cash sums $117,043. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,973/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29527, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,782 (100%) |
| Owner Occupied HU | 8,996 (70.4%) |
| Renter Occupied HU | 2,647 (20.7%) |
| Vacant Housing Units | 1,139 ( 8.9%) |
| Median Home Value | $235,631 |
| Average Home Value | $273,352 |
Housing Distribution
Address Breakdown
Residential
12,404
Single Family
12,098
Multi-Family
306
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Anna Marie Brock Team • RE/MAX Southern Shores
Mls Name: CCAR
Mls ID: #2515667