3806 Grateful RdNorth CharlestonSC29420
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Charleston at 3806 Grateful Rd, North Charleston, SC, 29420 generates $2,838/mo in rent and, after a $2,202/mo payment, leaves $160/mo in cash flow. Total monthly income is $2,838/mo, and annual cash flow is $1,917/yr on $149,172 invested. Return on cash invested sits at 21.19% in year one, and rental yield is 7.57% on a $449,990 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,324 over five years. Five-year ROI reaches 109.42% and total cumulative return in cash sums $163,227. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,838/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
5,227 sqft 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 • Coldwell Banker Realty
Mls Name: CTMLS
Mls ID: #25015335