6601 Dorchester Rd APT 109North 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 6601 Dorchester Rd APT 109, North Charleston, SC, 29418 generates $1,200/mo in rent and, after a $661/mo payment, leaves $387/mo in cash flow. Total monthly income is $1,200/mo, and annual cash flow is $4,640/yr on $44,753 invested. Return on cash invested sits at 30.28% in year one, and rental yield is 10.67% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 158.23% and total cumulative return in cash sums $70,813. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A 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 • AgentOwned Realty
Mls Name: CTMLS
Mls Provider:
Mls ID: #25007530
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.