1242 Springhill RdHanahanSC29410
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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 1242 Springhill Rd, Hanahan, SC, 29410 earns $125/mo cash flow from $2,500/mo rent with a $1,953/mo payment. Total monthly income totals $2,500/mo, and annual cash flow totals $1,497/yr on $132,269 capital. ROI tracks 21.04% on current figures, and rental yield reads 7.52% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 108.61% and total cumulative return in cash sums $143,654. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,500/mo property income instead of your personal income.
Single Family
Built in 1968
0.38 Acres 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 • Smith Spencer Real Estate
Mls Name: CTMLS
Mls ID: #25026185