2010 Coldspring Dr #501North 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 2010 Coldspring Dr #501, North Charleston, SC, 29406 uses $62,985 cash to close to unlock $8,460/yr annual cash flow and $705/mo monthly cash flow. Total monthly income runs $1,999/mo, and a $930/mo payment keeps the spread at $705/mo. Purchase price stands at $190,000, and rental yield measures 12.63% with $1,999/mo rent. Return on cash invested shows 33.34% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 175.66% and total cumulative return in cash records $110,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,999/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A 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 • Smith Spencer Real Estate
Mls Name: CTMLS
Mls Provider:
Mls ID: #24030076
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.