93 Ridge Circle DrCamdenSC29020
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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 Camden at 93 Ridge Circle Dr, Camden, SC, 29020 offers $2,670/mo rent that, after a $1,493/mo payment, leaves $854/mo cash flow. Total monthly income is $2,670/mo, and annual cash flow is $10,251/yr on $101,108 cash. Return on cash invested measures 30.05% in year one, and rental yield stands at 10.5% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 156.92% and total cumulative return in cash reaches $158,662. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,670/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29020, Camden, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,779 (100%) |
| Owner Occupied HU | 7,887 (67.0%) |
| Renter Occupied HU | 2,472 (21.0%) |
| Vacant Housing Units | 1,420 (12.1%) |
| Median Home Value | $247,889 |
| Average Home Value | $318,722 |
Housing Distribution
Address Breakdown
Residential
11,014
Single Family
10,535
Multi-Family
479
Businesses
898
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Listed by: Melinda Hunt • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #624846