277 Alexandra Dr UNIT 2Mount PleasantSC29464
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 Mount Pleasant at 277 Alexandra Dr UNIT 2, Mount Pleasant, SC, 29464 offers a 10.46% rental yield on a $410,000 purchase with $3,575/mo rent. Total monthly income registers $3,575/mo, and a $2,007/mo payment leaves $1,134/mo available for distribution. Annual cash flow reaches $13,609/yr on $135,915 to close, and return on cash invested stands at 29.92% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 156.26% and total cumulative return in cash at $212,375. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,575/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29464, Mount Pleasant, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,789 (100%) |
| Owner Occupied HU | 16,519 (61.7%) |
| Renter Occupied HU | 7,762 (29.0%) |
| Vacant Housing Units | 2,508 ( 9.4%) |
| Median Home Value | $733,009 |
| Average Home Value | $875,411 |
Housing Distribution
Address Breakdown
Residential
25,462
Single Family
20,045
Multi-Family
5,417
Businesses
2,651
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Radekopf And Associates
Mls Name: CTMLS
Mls ID: #25023233