850 Ilex Ct APT CMt PleasantSC29464
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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 Mt Pleasant at 850 Ilex Ct APT C, Mt Pleasant, SC, 29464 offers $2,646/mo rent that, after a $1,957/mo payment, leaves $266/mo cash flow. Total monthly income is $2,646/mo, and annual cash flow is $3,189/yr on $132,567 cash. Return on cash invested measures 22.31% in year one, and rental yield stands at 7.94% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 115.43% and total cumulative return in cash reaches $153,020. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,646/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29464, Mount Pleasant, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,789 (100%) |
| Owner Occupied HU | 16,519 (61.7%) |
| Renter Occupied HU | 7,762 (29.0%) |
| Vacant Housing Units | 2,508 ( 9.4%) |
| Median Home Value | $733,009 |
| Average Home Value | $875,411 |
Housing Distribution
Address Breakdown
Residential
25,462
Single Family
20,045
Multi-Family
5,417
Businesses
2,651
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Listed by: N/A • ERA Wilder Realty Inc
Mls Name: CTMLS
Mls ID: #25026055