2861 Hagerman StNorth 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 2861 Hagerman St, North Charleston, SC, 29406 uses $174,041 cash to close to unlock $3,266/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $3,421/mo, and a $2,589/mo payment keeps the spread at $272/mo. Purchase price stands at $529,000, and rental yield measures 7.76% with $3,421/mo rent. Return on cash invested shows 21.94% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 113.4% and total cumulative return in cash records $197,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,421/mo property income covering a $2,589/mo payment rather than investor’s personal income.
Single Family
Built in 2018
0.35 Acres 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 • Matt O'Neill Real Estate
Mls Name: CTMLS
Mls ID: #25031933