6506 Tillman RdRidgelandSC29936
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 Ridgeland at 6506 Tillman Rd, Ridgeland, SC, 29936 uses $74,588 cash to close to unlock $2,987/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $1,588/mo, and a $1,101/mo payment keeps the spread at $249/mo. Purchase price stands at $225,000, and rental yield measures 8.47% with $1,588/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 124.01% and total cumulative return in cash records $92,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,588/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
0.76 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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Listed by: Leita Mock • Legacy Realty of the Lowcountry, Inc
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #451923
Disclaimer: We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an as is as available basis only and may not reflect all real estate activity in the market. 2025 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc.