60 Gun Powder CtRidgelandSC29936
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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 60 Gun Powder Ct, Ridgeland, SC, 29936 priced at $384,990 pairs $2,760/mo rent with $369/mo cash flow after a $1,884/mo payment. Total monthly income equals $2,760/mo, and annual cash flow comes to $4,423/yr on $127,624 invested. Return on cash invested is 23.37% in year one, and rental yield stands at 8.6% on a $384,990 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,366 by year five. Five-year ROI measures 121.47% and total cumulative return in cash reaches $155,023. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
$1,200 annually 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: John Heron • SM South Carolina BrokerageLLC
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #191634
Disclaimer: 2025 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.