2264 Bailey DrNorth 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 2264 Bailey Dr, North Charleston, SC, 29405 earns $236/mo cash flow from $1,516/mo rent with a $1,052/mo payment. Total monthly income totals $1,516/mo, and annual cash flow totals $2,838/yr on $71,273 capital. ROI tracks 23.89% on current figures, and rental yield reads 8.46% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 123.92% and total cumulative return in cash sums $88,321. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,516/mo property income instead of your personal income.
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 • Ashley Cooper Real Estate, LLC
Mls Name: CTMLS
Mls ID: #25019574