8211 Greenridge RdNorth CharlestonSC29406
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 8211 Greenridge Rd, North Charleston, SC, 29406 in North Charleston is listed at $287,000 and delivers $2,356/mo in rent and $647/mo in net monthly cash flow. The 9.85% yield and 1.82 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $79,293 over five years, and $2,643/yr in principal reduction supplements cash return. Total projected cumulative return: $150,211.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 4.8% |
| Monthly Cash Flow | $647 | $285 |
City averages based on North Charleston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,356 |
| Total Monthly Debt Service | $1,594 |
| DSCR Ratio | 1.48x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1972
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29406, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,269 (100%) |
| Owner Occupied HU | 5,639 (36.9%) |
| Renter Occupied HU | 8,476 (55.5%) |
| Vacant Housing Units | 1,154 ( 7.6%) |
| Median Home Value | $228,666 |
| Average Home Value | $311,248 |
Housing Distribution
Address Breakdown
Residential
14,352
Single Family
11,504
Multi-Family
2,848
Businesses
1,666
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1972
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29406, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,269 (100%) |
| Owner Occupied HU | 5,639 (36.9%) |
| Renter Occupied HU | 8,476 (55.5%) |
| Vacant Housing Units | 1,154 ( 7.6%) |
| Median Home Value | $228,666 |
| Average Home Value | $311,248 |
Housing Distribution
Address Breakdown
Residential
14,352
Single Family
11,504
Multi-Family
2,848
Businesses
1,666
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • The Pulse Charleston
Mls Name: CTMLS
Mls ID: #25025443