2231 Suffolk StNorth 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 2231 Suffolk St, North Charleston, SC, 29405 listed at $275,000 pairs $1,925/mo rent with a $1,346/mo payment to leave $288/mo cash flow. Total monthly income runs $1,925/mo, and annual cash flow reaches $3,456/yr on $91,163 cash to close. Return on cash invested measures 23.7% in year one, and rental yield registers 8.4% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 122.84% and total cumulative return in cash totals $111,983. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,925/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1944
5,662 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 • Keller Williams Realty Charleston West Ashley
Mls Name: CTMLS
Mls Provider:
Mls ID: #24017952
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