702 N Palmetto StSummervilleSC29483
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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 Summerville at 702 N Palmetto St, Summerville, SC, 29483 generates $2,714/mo in rent, after a $2,251/mo payment. Total monthly income is $2,714/mo. Return on cash invested sits at 19.72% in year one, and rental yield is 7.08% on a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 101.54% and total cumulative return in cash sums $154,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,714/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29483, Summerville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,167 (100%) |
| Owner Occupied HU | 17,077 (70.7%) |
| Renter Occupied HU | 5,575 (23.1%) |
| Vacant Housing Units | 1,515 ( 6.3%) |
| Median Home Value | $357,966 |
| Average Home Value | $397,078 |
Housing Distribution
Address Breakdown
Residential
24,771
Single Family
22,687
Multi-Family
2,084
Businesses
1,480
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Listed by: N/A • Keller Williams Realty Charleston West Ashley
Mls Name: CTMLS
Mls ID: #25028702