1056 Bowman Woods DrMount PleasantSC29464
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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 Mount Pleasant at 1056 Bowman Woods Dr, Mount Pleasant, SC, 29464 priced at $724,900 converts $5,360/mo rent into $824/mo cash flow after a $3,548/mo obligation. Total monthly income equals $5,360/mo, and annual cash flow totals $9,892/yr on $238,492 invested. Return on cash invested prints 24.21% in year one, and rental yield reads 8.87% against a $724,900 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,277 by year five. Five-year ROI reaches 125.97% and total cumulative return in cash sums $300,417. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,360/mo property income covering a $3,548/mo payment, not borrower’s personal income.
Townhouse
Built in 2017
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29464, Mount Pleasant, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,789 (100%) |
| Owner Occupied HU | 16,519 (61.7%) |
| Renter Occupied HU | 7,762 (29.0%) |
| Vacant Housing Units | 2,508 ( 9.4%) |
| Median Home Value | $733,009 |
| Average Home Value | $875,411 |
Housing Distribution
Address Breakdown
Residential
25,462
Single Family
20,045
Multi-Family
5,417
Businesses
2,651
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Listed by: N/A • Coldwell Banker Realty
Mls Name: CTMLS
Mls Provider:
Mls ID: #24024039
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