3497 Billings StMount 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 3497 Billings St, Mount Pleasant, SC, 29466 offers a 8.34% rental yield on a $599,000 purchase with $4,162/mo rent. Total monthly income registers $4,162/mo, and a $2,932/mo payment leaves $596/mo available for distribution. Annual cash flow reaches $7,153/yr on $197,071 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 122.79% and total cumulative return in cash at $241,978. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,162/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2002
4,356 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 • Carolina One Real Estate
Mls Name: CTMLS
Mls Provider:
Mls ID: #24027838
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