8 Corsica CtHanahanSC29410
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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 Hanahan at 8 Corsica Ct, Hanahan, SC, 29410 generates $3,116/mo in rent and, after a $2,251/mo payment, leaves $378/mo in cash flow. Total monthly income is $3,116/mo, and annual cash flow is $4,539/yr on $152,457 invested. Return on cash invested sits at 22.89% in year one, and rental yield is 8.13% 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 118.52% and total cumulative return in cash sums $180,690. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,116/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29410, North Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,641 (100%) |
| Owner Occupied HU | 5,453 (63.1%) |
| Renter Occupied HU | 2,761 (32.0%) |
| Vacant Housing Units | 427 ( 4.9%) |
| Median Home Value | $388,588 |
| Average Home Value | $461,432 |
Housing Distribution
Address Breakdown
Residential
8,339
Single Family
7,386
Multi-Family
953
Businesses
269
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Listed by: N/A • AgentOwned Realty Charleston Group
Mls Name: CTMLS
Mls ID: #25031823