290 Hook LnMount PleasantSC29464
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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
Rental property for sale in Mount Pleasant at 290 Hook Ln, Mount Pleasant, SC, 29464 priced at $889,000 converts $5,293/mo rent into $1/mo cash flow after a $4,351/mo obligation. Total monthly income equals $5,293/mo, and annual cash flow totals $14/yr on $292,481 invested. Return on cash invested prints 20.06% in year one, and rental yield reads 7.14% against a $889,000 entry. Equity gained on principal adds $5,737/yr, while 5% annual appreciation compiles into $245,614 by year five. Five-year ROI reaches 103.34% and total cumulative return in cash sums $302,246. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,293/mo property income covering a $4,351/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.37 Acres 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
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Listed by: N/A • Tatum and Randal Real Estate
Mls Name: CTMLS
Mls ID: #25023057