Zip Code 29129 — Ridge Spring, SC
🟢GOOD— solid returnsCap Rate
7.0%
Monthly Cash Flow
+$71
Median Home Price
$147,651
DSCR
1.09
Fair Market Rents
- Studio
- $850/mo
- 1 Bedroom
- $900/mo
- 2 Bedroom
- $1,020/mo
- 3 Bedroom
- $1,300/mo
- 4 Bedroom
- $1,560/mo
Investment Metrics
- Cap Rate
- 7.0%
- Cash-on-Cash Return
- 2.5%
- Price-to-Rent Ratio
- 9.5
- 1% Rule
- 0.88%
- Gross Rent Multiplier
- 9.5
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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