5629 Read StNorth CharlestonSC29406
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
Investment property for sale in North Charleston at 5629 Read St, North Charleston, SC, 29406 listed at $230,000 pairs $2,192/mo rent with a $1,126/mo payment to leave $823/mo cash flow. Total monthly income runs $2,192/mo, and annual cash flow reaches $9,871/yr on $76,245 cash to close. Return on cash invested measures 32.86% in year one, and rental yield registers 11.44% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 171.97% and total cumulative return in cash totals $131,119. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,192/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
8,276 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 • EXP Realty LLC
Mls Name: CTMLS
Mls Provider:
Mls ID: #25020290
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.