1976 Forest AveNorth CharlestonSC29405
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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 North Charleston at 1976 Forest Ave, North Charleston, SC, 29405 uses $74,588 cash to close to unlock $10,535/yr annual cash flow and $878/mo monthly cash flow. Total monthly income runs $2,217/mo, and a $1,101/mo payment keeps the spread at $878/mo. Purchase price stands at $225,000, and rental yield measures 11.82% with $2,217/mo rent. Return on cash invested shows 34.03% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 178.27% and total cumulative return in cash records $132,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,217/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1945
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29405, North Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,837 (100%) |
| Owner Occupied HU | 5,520 (39.9%) |
| Renter Occupied HU | 6,429 (46.5%) |
| Vacant Housing Units | 1,888 (13.6%) |
| Median Home Value | $338,105 |
| Average Home Value | $374,748 |
Housing Distribution
Address Breakdown
Residential
11,884
Single Family
11,116
Multi-Family
768
Businesses
1,709
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Listed by: N/A • AgentOwned Realty Charleston Group
Mls Name: CTMLS
Mls ID: #25018865