576 McCormack AveRidgelandSC29936
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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 576 McCormack Ave, Ridgeland, SC, 29936 priced at $395,000 pairs $2,728/mo rent with $377/mo cash flow after a $1,933/mo payment. Total monthly income equals $2,728/mo, and annual cash flow comes to $4,524/yr on $130,943 invested. Return on cash invested is 23.36% in year one, and rental yield stands at 8.29% on a $395,000 basis. Equity gained on principal adds $2,549/yr, and 5% annual appreciation accumulates to $109,131 by year five. Five-year ROI measures 121.04% and total cumulative return in cash reaches $158,490. For financing, Ziffy Mortgage’s DSCR program evaluates $2,728/mo property income against a $1,933/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
0.82 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: Anchor Home Group • Keller Williams Realty (322)
Mls Name: REsides, Inc.
Mls ID: #501248