8847 Shovelnose CtNorth CharlestonSC29406
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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 North Charleston at 8847 Shovelnose Ct, North Charleston, SC, 29406 uses $130,445 cash to close to unlock $691/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,926/mo payment keeps the spread at $58/mo. Purchase price stands at $393,500, and rental yield measures 7.32% with $2,400/mo rent. Return on cash invested shows 20.44% in year one, and 5% annual appreciation builds toward $108,717 over five years. Five-year ROI reaches 105.38% and total cumulative return in cash records $137,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,926/mo payment rather than investor’s personal income.
Single Family
Built in 2025
5,662 sqft 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
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Listed by: N/A • D R Horton Inc
Mls Name: CTMLS
Mls ID: #25020476