2172 Palermo PlNorth CharlestonSC29406
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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 2172 Palermo Pl, North Charleston, SC, 29406 uses $64,643 cash to close to unlock $7,676/yr annual cash flow and $640/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $954/mo payment keeps the spread at $640/mo. Purchase price stands at $195,000, and rental yield measures 11.08% with $1,800/mo rent. Return on cash invested shows 31.78% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 166.23% and total cumulative return in cash records $107,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $954/mo payment rather than investor’s personal income.
Multi Family
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
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Listed by: N/A • Elite Palmetto Real Estate
Mls Name: CTMLS
Mls ID: #25030142