1600 Long Grove Dr UNIT 1512Mount PleasantSC29464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mount Pleasant at 1600 Long Grove Dr UNIT 1512, Mount Pleasant, SC, 29464 uses $107,738 cash to close to unlock $1,901/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $2,212/mo, and a $1,591/mo payment keeps the spread at $158/mo. Purchase price stands at $325,000, and rental yield measures 8.17% with $2,212/mo rent. Return on cash invested shows 21.67% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 112.49% and total cumulative return in cash records $121,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,212/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Coldwell Banker Realty
Mls Name: CTMLS
Mls Provider:
Mls ID: #25014267
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.