883 Ridgeway RdLugoffSC29078
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
Rental property for sale in Lugoff at 883 Ridgeway Rd, Lugoff, SC, 29078 priced at $225,000 pairs $1,734/mo rent with $395/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,734/mo, and annual cash flow comes to $4,739/yr on $74,588 invested. Return on cash invested is 26.26% in year one, and rental yield stands at 9.25% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 136.62% and total cumulative return in cash reaches $101,901. For financing, Ziffy Mortgage’s DSCR program evaluates $1,734/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29078, Lugoff, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,459 (100%) |
| Owner Occupied HU | 5,925 (79.4%) |
| Renter Occupied HU | 1,058 (14.2%) |
| Vacant Housing Units | 476 ( 6.4%) |
| Median Home Value | $230,745 |
| Average Home Value | $262,437 |
Housing Distribution
Address Breakdown
Residential
7,232
Single Family
7,023
Multi-Family
209
Businesses
486
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Listed by: Melissa Kinlaw • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #600890
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC