Catawba Plan, Hearthstone LakesRidgelandSC29936
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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 Ridgeland at Catawba Plan, Hearthstone Lakes, Ridgeland, SC, 29936 priced at $360,500 converts $2,924/mo rent into $711/mo cash flow after a $1,764/mo obligation. Total monthly income equals $2,924/mo, and annual cash flow totals $8,538/yr on $119,506 invested. Return on cash invested prints 27.05% in year one, and rental yield reads 9.73% against a $360,500 entry. Equity gained on principal adds $2,326/yr, while 5% annual appreciation compiles into $99,600 by year five. Five-year ROI reaches 141.09% and total cumulative return in cash sums $168,610. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,924/mo property income covering a $1,764/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$67 monthly 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: N/A • Forino CO., L.P.
Mls Name: Forino CO., L.P.
Mls Provider:
Mls ID: #N/A