6240 Old Point Rd APT C16HanahanSC29410
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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 Hanahan at 6240 Old Point Rd APT C16, Hanahan, SC, 29410 uses $66,296 cash to close to unlock $6,568/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $1,738/mo, and a $979/mo payment keeps the spread at $547/mo. Purchase price stands at $199,987, and rental yield measures 10.43% with $1,738/mo rent. Return on cash invested shows 29.82% in year one, and 5% annual appreciation builds toward $55,253 over five years. Five-year ROI reaches 155.71% and total cumulative return in cash records $103,228. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,738/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29410, North Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,641 (100%) |
| Owner Occupied HU | 5,453 (63.1%) |
| Renter Occupied HU | 2,761 (32.0%) |
| Vacant Housing Units | 427 ( 4.9%) |
| Median Home Value | $388,588 |
| Average Home Value | $461,432 |
Housing Distribution
Address Breakdown
Residential
8,339
Single Family
7,386
Multi-Family
953
Businesses
269
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25025236