3708 Gaines Mill DrNorth CharlestonSC29420
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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 3708 Gaines Mill Dr, North Charleston, SC, 29420 listed at $336,000 pairs $2,692/mo rent with a $1,645/mo payment to leave $691/mo cash flow. Total monthly income runs $2,692/mo, and annual cash flow reaches $8,297/yr on $111,384 cash to close. Return on cash invested measures 27.36% in year one, and rental yield registers 9.61% at a $336,000 basis. Equity gained on principal adds $2,168/yr, and annual property appreciation at 5% supports $92,831 by year five. Five-year ROI tracks 142.5% and total cumulative return in cash totals $158,722. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,692/mo property income relative to a $1,645/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29420, North Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,849 (100%) |
| Owner Occupied HU | 6,196 (52.3%) |
| Renter Occupied HU | 5,023 (42.4%) |
| Vacant Housing Units | 630 ( 5.3%) |
| Median Home Value | $318,637 |
| Average Home Value | $367,872 |
Housing Distribution
Address Breakdown
Residential
10,044
Single Family
8,098
Multi-Family
1,946
Businesses
322
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Listed by: N/A • Carolina Elite Real Estate
Mls Name: CTMLS
Mls ID: #25018452