2720 E Surrey 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 2720 E Surrey Dr, North Charleston, SC, 29405 uses $89,472 cash to close to unlock $6,520/yr annual cash flow and $543/mo monthly cash flow. Total monthly income runs $2,150/mo, and a $1,321/mo payment keeps the spread at $543/mo. Purchase price stands at $269,900, and rental yield measures 9.56% with $2,150/mo rent. Return on cash invested shows 27.2% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 141.64% and total cumulative return in cash records $126,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,150/mo property income covering a $1,321/mo payment rather than investor’s 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 • Realty ONE Group Coastal
Mls Name: CTMLS
Mls ID: #26000985