496 Charter Dr.LongsSC29568
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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 Longs at 496 Charter Dr, Longs, SC, 29568 priced at $275,000 pairs $2,113/mo rent with $476/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,113/mo, and annual cash flow comes to $5,712/yr on $91,163 invested. Return on cash invested is 26.17% in year one, and rental yield stands at 9.22% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 136.12% and total cumulative return in cash reaches $124,091. For financing, Ziffy Mortgage’s DSCR program evaluates $2,113/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29568, Longs, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,316 (100%) |
| Owner Occupied HU | 6,775 (72.7%) |
| Renter Occupied HU | 1,301 (14.0%) |
| Vacant Housing Units | 1,240 (13.3%) |
| Median Home Value | $316,590 |
| Average Home Value | $331,933 |
Housing Distribution
Address Breakdown
Residential
9,282
Single Family
8,694
Multi-Family
588
Businesses
321
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Listed by: Paige Bird • RE/MAX Southern Shores
Mls Name: CCAR
Mls ID: #2602777