7803 Park Gate DrCharlestonSC29418
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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 Charleston at 7803 Park Gate Dr, Charleston, SC, 29418 priced at $342,500 pairs $2,309/mo rent with $271/mo cash flow after a $1,676/mo payment. Total monthly income equals $2,309/mo, and annual cash flow comes to $3,246/yr on $113,539 invested. Return on cash invested is 22.77% in year one, and rental yield stands at 8.09% on a $342,500 basis. Equity gained on principal adds $2,210/yr, and 5% annual appreciation accumulates to $94,626 by year five. Five-year ROI measures 117.88% and total cumulative return in cash reaches $133,835. For financing, Ziffy Mortgage’s DSCR program evaluates $2,309/mo property income against a $1,676/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2021
2,178 sqft 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 • RE/MAX Executive
Mls Name: CTMLS
Mls ID: #25024164