808 Old House RdRidgelandSC29936
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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 Ridgeland at 808 Old House Rd, Ridgeland, SC, 29936 with 5% annual appreciation on a $423,500 basis while $2,876/mo rent supports operations. Total monthly income totals $2,876/mo and a $2,073/mo payment preserves $355/mo for cash returns. Annual cash flow comes to $4,258/yr on $140,390 deployed, and return on cash invested reaches 22.94% in year one. Equity gained on principal adds $2,733/yr, and five-year appreciation sums $117,005 alongside rental yield of 8.15%. Five-year ROI measures 118.8% and total cumulative return in cash totals $166,778.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,876/mo property income versus a $2,073/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.69 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: Walter F Lubkin • United Country J Romero Group
Mls Name: Lowcountry Regional MLS
Mls ID: #193975