6601 Dorchester Rd UNIT 5North 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
Investment property for sale in North Charleston at 6601 Dorchester Rd UNIT 5, North Charleston, SC, 29418 uses $42,764 cash to close to unlock $2,562/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $981/mo, and a $631/mo payment keeps the spread at $213/mo. Purchase price stands at $129,000, and rental yield measures 9.13% with $981/mo rent. Return on cash invested shows 25.9% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 134.72% and total cumulative return in cash records $57,613. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $981/mo property income covering a $631/mo payment rather than investor’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 • Healthy Realty LLC
Mls Name: CTMLS
Mls Provider:
Mls ID: #25020691
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.