7696 Midwood DrNorth CharlestonSC29420
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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 7696 Midwood Dr, North Charleston, SC, 29420 offers a 8.27% rental yield on a $268,900 purchase with $1,853/mo rent. Total monthly income registers $1,853/mo, and a $1,316/mo payment leaves $252/mo available for distribution. Annual cash flow reaches $3,029/yr on $89,140 to close, and return on cash invested stands at 23.31% in year one. Equity gained on principal adds $1,735/yr while 5% annual appreciation supports $74,292 over five years. Portfolio math shows five-year ROI at 120.77% and total cumulative return in cash at $107,656. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,853/mo property income against a $1,316/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29420, North Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,849 (100%) |
| Owner Occupied HU | 6,196 (52.3%) |
| Renter Occupied HU | 5,023 (42.4%) |
| Vacant Housing Units | 630 ( 5.3%) |
| Median Home Value | $318,637 |
| Average Home Value | $367,872 |
Housing Distribution
Address Breakdown
Residential
10,044
Single Family
8,098
Multi-Family
1,946
Businesses
322
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25029644