6109 Smith RdRavenelSC29470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ravenel at 6109 Smith Rd, Ravenel, SC, 29470 uses $115,694 cash to close to unlock $8,528/yr annual cash flow and $711/mo monthly cash flow. Total monthly income runs $2,788/mo, and a $1,708/mo payment keeps the spread at $711/mo. Purchase price stands at $349,000, and rental yield measures 9.59% with $2,788/mo rent. Return on cash invested shows 27.28% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 142.07% and total cumulative return in cash records $164,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,788/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 2015
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29470, Ravenel, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,430 (100%) |
| Owner Occupied HU | 1,929 (79.4%) |
| Renter Occupied HU | 312 (12.8%) |
| Vacant Housing Units | 189 ( 7.8%) |
| Median Home Value | $460,638 |
| Average Home Value | $586,849 |
Housing Distribution
Address Breakdown
Residential
2,117
Single Family
2,117
Multi-Family
0
Businesses
209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dynasty A Lewis • Coldwell Banker Realty
Mls Name: Lowcountry Regional MLS
Mls ID: #194058