61 Glover RdRidgelandSC29936
Nearby investment properties with comparable rents
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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 61 Glover Rd, Ridgeland, SC, 29936 offers $2,971/mo rent that, after a $1,933/mo payment, leaves $620/mo cash flow. Total monthly income is $2,971/mo, and annual cash flow is $7,440/yr on $130,943 cash. Return on cash invested measures 25.59% in year one, and rental yield stands at 9.03% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 132.99% and total cumulative return in cash reaches $174,138. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,971/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.74 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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Nearby investment properties with comparable prices
Listed by: Blake Gruel • eXp Realty LLC - Bluffton
Mls Name: Lowcountry Regional MLS
Mls ID: #193331