8858 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
Rental property for sale in North Charleston at 8858 Shovelnose Ct, North Charleston, SC, 29406 generates $2,986/mo in rent and, after a $1,937/mo payment, leaves $630/mo in cash flow. Total monthly income is $2,986/mo, and annual cash flow is $7,563/yr on $131,176 invested. Return on cash invested sits at 25.67% in year one, and rental yield is 9.06% on a $395,705 entry. Equity gained on principal adds $2,553/yr, while 5% annual appreciation builds toward $109,326 over five years. Five-year ROI reaches 133.49% and total cumulative return in cash sums $175,103. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,986/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A 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: Settlement at Salamander - Sales Information • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A