582 Broad River RdRidgelandSC29936
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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 582 Broad River Rd, Ridgeland, SC, 29936 with 5% annual appreciation on a $450,000 basis while $2,682/mo rent supports operations. Total monthly income totals $2,682/mo and a $2,203/mo payment preserves $3/mo for cash returns. Annual cash flow comes to $33/yr on $149,175 deployed, and return on cash invested reaches 19.93% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 7.15%. Five-year ROI measures 102.66% and total cumulative return in cash totals $153,138.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,682/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
N/A 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: Carol O'Brien • Keller Williams Realty (322)
Mls Name: REsides, Inc.
Mls ID: #503777