540 Laurel Ridge RdNorth CharlestonSC29418
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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 North Charleston at 540 Laurel Ridge Rd, North Charleston, SC, 29418 priced at $375,000 pairs $2,166/mo rent with after a $1,835/mo payment. Total monthly income equals $2,166/mo. Return on cash invested is 19.27% in year one, and rental yield stands at 6.93% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 99.15% and total cumulative return in cash reaches $123,255. For financing, Ziffy Mortgage’s DSCR program evaluates $2,166/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29418, North Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,598 (100%) |
| Owner Occupied HU | 5,566 (44.2%) |
| Renter Occupied HU | 5,838 (46.3%) |
| Vacant Housing Units | 1,194 ( 9.5%) |
| Median Home Value | $271,313 |
| Average Home Value | $358,309 |
Housing Distribution
Address Breakdown
Residential
11,024
Single Family
9,840
Multi-Family
1,184
Businesses
1,633
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Listed by: N/A • Bright City LLC
Mls Name: CTMLS
Mls ID: #26000173