1600 Long Grove Dr UNIT 913Mount 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 913, Mount Pleasant, SC, 29464 earns $259/mo cash flow from $2,759/mo rent with a $2,056/mo payment. Total monthly income totals $2,759/mo, and annual cash flow totals $3,102/yr on $139,230 capital. ROI tracks 22.14% on current figures, and rental yield reads 7.88% at a $420,000 purchase. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 over five years. Five-year ROI reaches 114.5% and total cumulative return in cash sums $159,415. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,759/mo property income instead of your 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 • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25025487