855 Forrest DrDaniel IslandSC29492
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
Investment Highlights
Rental property for sale in Daniel Island at 855 Forrest Dr, Daniel Island, SC, 29492 priced at $789,000 converts $3,898/mo rent into after a $3,862/mo obligation. Total monthly income equals $3,898/mo. Return on cash invested prints 16.37% in year one, and rental yield reads 5.93% against a $789,000 entry. Equity gained on principal adds $5,091/yr, while 5% annual appreciation compiles into $217,986 by year five. Five-year ROI reaches 83.49% and total cumulative return in cash sums $216,730. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,898/mo property income covering a $3,862/mo payment, not borrower’s personal income.
Single Family
Built in 2020
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29492, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,521 (100%) |
| Owner Occupied HU | 5,895 (51.2%) |
| Renter Occupied HU | 4,094 (35.5%) |
| Vacant Housing Units | 1,532 (13.3%) |
| Median Home Value | $717,255 |
| Average Home Value | $925,987 |
Housing Distribution
Address Breakdown
Residential
11,295
Single Family
6,255
Multi-Family
5,040
Businesses
760
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25024250