602 Ravensridge LnMoncks CornerSC29461
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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 Moncks Corner at 602 Ravensridge Ln, Moncks Corner, SC, 29461 earns $462/mo cash flow from $2,159/mo rent with a $1,395/mo payment. Total monthly income totals $2,159/mo, and annual cash flow totals $5,549/yr on $94,478 capital. ROI tracks 25.78% on current figures, and rental yield reads 9.09% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 134.07% and total cumulative return in cash sums $126,666. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,159/mo property income instead of your personal income.
Townhouse
Built in 2020
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29461, Moncks Corner, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,764 (100%) |
| Owner Occupied HU | 14,040 (74.8%) |
| Renter Occupied HU | 3,263 (17.4%) |
| Vacant Housing Units | 1,461 ( 7.8%) |
| Median Home Value | $339,474 |
| Average Home Value | $361,350 |
Housing Distribution
Address Breakdown
Residential
17,420
Single Family
17,259
Multi-Family
161
Businesses
1,184
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Listed by: N/A • The Boulevard Company
Mls Name: CTMLS
Mls ID: #26000782