3205 Morningdale DrMount PleasantSC29466
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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 Mount Pleasant at 3205 Morningdale Dr, Mount Pleasant, SC, 29466 listed at $624,000 pairs $4,302/mo rent with a $3,054/mo payment to leave $588/mo cash flow. Total monthly income runs $4,302/mo, and annual cash flow reaches $7,051/yr on $205,296 cash to close. Return on cash invested measures 23.49% in year one, and rental yield registers 8.27% at a $624,000 basis. Equity gained on principal adds $4,027/yr, and annual property appreciation at 5% supports $172,400 by year five. Five-year ROI tracks 121.73% and total cumulative return in cash totals $249,911. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,302/mo property income relative to a $3,054/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29466, Mount Pleasant, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,115 (100%) |
| Owner Occupied HU | 14,555 (80.3%) |
| Renter Occupied HU | 2,339 (12.9%) |
| Vacant Housing Units | 1,221 ( 6.7%) |
| Median Home Value | $705,925 |
| Average Home Value | $823,520 |
Housing Distribution
Address Breakdown
Residential
18,278
Single Family
15,576
Multi-Family
2,702
Businesses
556
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Listed by: N/A • Coldwell Banker Realty
Mls Name: CTMLS
Mls ID: #25019860