7920 Parklane Ct #608CharlestonSC29418
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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 Charleston at 7920 Parklane Ct #608, Charleston, SC, 29418 earns $950/mo cash flow from $2,250/mo rent with a $1,045/mo payment. Total monthly income totals $2,250/mo, and annual cash flow totals $11,403/yr on $70,808 capital. ROI tracks 36.01% on current figures, and rental yield reads 12.64% at a $213,600 purchase. Equity gained on principal adds $1,378/yr, and 5% annual appreciation supports $59,014 over five years. Five-year ROI reaches 189.12% and total cumulative return in cash sums $133,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,250/mo property income instead of your personal income.
Townhouse
Built in 1985
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 • N/A
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