5354 Elder AveNorth CharlestonSC29406
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid, durable, and financeable, 5354 Elder Ave, North Charleston, SC, 29406 in North Charleston earns a 7.89% gross yield at $486,990. Rent of $3,200/mo nets $301/mo after the $2,190/mo mortgage. The 1.46 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $134,546 and $4,485/yr in equity accumulation project a total cumulative return of $203,535.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 4.8% |
| Monthly Cash Flow | $301 | $285 |
City averages based on North Charleston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,200 |
| Total Monthly Debt Service | $2,705 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29406, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,269 (100%) |
| Owner Occupied HU | 5,639 (36.9%) |
| Renter Occupied HU | 8,476 (55.5%) |
| Vacant Housing Units | 1,154 ( 7.6%) |
| Median Home Value | $228,666 |
| Average Home Value | $311,248 |
Housing Distribution
Address Breakdown
Residential
14,352
Single Family
11,504
Multi-Family
2,848
Businesses
1,666
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
Single Family
Built in 2026
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29406, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,269 (100%) |
| Owner Occupied HU | 5,639 (36.9%) |
| Renter Occupied HU | 8,476 (55.5%) |
| Vacant Housing Units | 1,154 ( 7.6%) |
| Median Home Value | $228,666 |
| Average Home Value | $311,248 |
Housing Distribution
Address Breakdown
Residential
14,352
Single Family
11,504
Multi-Family
2,848
Businesses
1,666
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Weekley Homes L P
Mls Name: CTMLS
Mls ID: #26004768