1600 Long Grove Dr Unit 216Mount 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
Investment property for sale in Mount Pleasant at 1600 Long Grove Dr Unit 216, Mount Pleasant, SC, 29464 offers a 7.77% rental yield on a $390,200 purchase with $2,526/mo rent. Total monthly income registers $2,526/mo, and a $1,910/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,436/yr on $129,351 to close, and return on cash invested stands at 21.79% in year one. Equity gained on principal adds $2,518/yr while 5% annual appreciation supports $107,805 over five years. Portfolio math shows five-year ROI at 112.67% and total cumulative return in cash at $145,739. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,526/mo property income against a $1,910/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: N/A • AgentOwned Realty Preferred Group
Mls Name: CTMLS
Mls ID: #26002625