8867 Salamander Rd UNIT 4North 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 8867 Salamander Rd UNIT 4, North Charleston, SC, 29406 uses $92,651 cash to close to unlock $8,834/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,368/mo payment keeps the spread at $736/mo. Purchase price stands at $279,490, and rental yield measures 10.3% with $2,400/mo rent. Return on cash invested shows 29.44% in year one, and 5% annual appreciation builds toward $77,218 over five years. Five-year ROI reaches 153.7% and total cumulative return in cash records $142,409. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,368/mo payment rather than investor’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: N/A • Starlight Homes
Mls Name: CTMLS
Mls ID: #25026118