5488 Altamaha DrNorth CharlestonSC29420
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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
Investment property for sale in North Charleston at 5488 Altamaha Dr, North Charleston, SC, 29420 offers a 8.46% rental yield on a $419,500 purchase with $2,959/mo rent. Total monthly income registers $2,959/mo, and a $2,053/mo payment leaves $413/mo available for distribution. Annual cash flow reaches $4,951/yr on $139,064 to close, and return on cash invested stands at 23.47% in year one. Equity gained on principal adds $2,707/yr while 5% annual appreciation supports $115,900 over five years. Portfolio math shows five-year ROI at 121.8% and total cumulative return in cash at $169,374. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,959/mo property income against a $2,053/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
9,147 sqft lot
$N/A/sqft
$593 annually 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: Christina M Bennett • Carolina One Real Estate
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #191922
Disclaimer: 2025 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.