1034 Steelechase LnHanahanSC29410
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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 Hanahan at 1034 Steelechase Ln, Hanahan, SC, 29410 uses $122,622 cash to close to unlock $4,074/yr annual cash flow and $340/mo monthly cash flow. Total monthly income runs $2,541/mo, and a $1,810/mo payment keeps the spread at $340/mo. Purchase price stands at $369,900, and rental yield measures 8.24% with $2,541/mo rent. Return on cash invested shows 23.23% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 120.36% and total cumulative return in cash records $147,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,541/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Single Family
Built in 2009
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29410, North Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,641 (100%) |
| Owner Occupied HU | 5,453 (63.1%) |
| Renter Occupied HU | 2,761 (32.0%) |
| Vacant Housing Units | 427 ( 4.9%) |
| Median Home Value | $388,588 |
| Average Home Value | $461,432 |
Housing Distribution
Address Breakdown
Residential
8,339
Single Family
7,386
Multi-Family
953
Businesses
269
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Listed by: N/A • Realty ONE Group Coastal
Mls Name: CTMLS
Mls ID: #25018295