1601 Greenbay DrNorth CharlestonSC29406
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 North Charleston at 1601 Greenbay Dr, North Charleston, SC, 29406 uses $112,710 cash to close to unlock $4,358/yr annual cash flow and $363/mo monthly cash flow. Total monthly income runs $2,387/mo, and a $1,664/mo payment keeps the spread at $363/mo. Purchase price stands at $340,000, and rental yield measures 8.42% with $2,387/mo rent. Return on cash invested shows 23.78% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 123.31% and total cumulative return in cash records $138,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,387/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1959
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29406, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,269 (100%) |
| Owner Occupied HU | 5,639 (36.9%) |
| Renter Occupied HU | 8,476 (55.5%) |
| Vacant Housing Units | 1,154 ( 7.6%) |
| Median Home Value | $228,666 |
| Average Home Value | $311,248 |
Housing Distribution
Address Breakdown
Residential
14,352
Single Family
11,504
Multi-Family
2,848
Businesses
1,666
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: #26001482