5226 Fernland WayNorth 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 5226 Fernland Way, North Charleston, SC, 29420 priced at $224,000 converts $1,590/mo rent into $257/mo cash flow after a $1,096/mo obligation. Total monthly income equals $1,590/mo, and annual cash flow totals $3,083/yr on $74,256 invested. Return on cash invested prints 24.06% in year one, and rental yield reads 8.52% against a $224,000 entry. Equity gained on principal adds $1,445/yr, while 5% annual appreciation compiles into $61,887 by year five. Five-year ROI reaches 124.8% and total cumulative return in cash sums $92,671. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,590/mo property income covering a $1,096/mo payment, not borrower’s personal income.
Townhouse
Built in 2005
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • AgentOwned Realty
Mls Name: CTMLS
Mls ID: #25010998