8867 Salamander Rd UNIT 66North CharlestonSC29406
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 North Charleston at 8867 Salamander Rd UNIT 66, North Charleston, SC, 29406 generates $2,394/mo in rent and, after a $1,451/mo payment, leaves $629/mo in cash flow. Total monthly income is $2,394/mo, and annual cash flow is $7,551/yr on $98,286 invested. Return on cash invested sits at 27.59% in year one, and rental yield is 9.69% on a $296,490 entry. Equity gained on principal adds $1,913/yr, while 5% annual appreciation builds toward $81,915 over five years. Five-year ROI reaches 143.77% and total cumulative return in cash sums $141,302. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,394/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: N/A • Starlight Homes
Mls Name: CTMLS
Mls Provider:
Mls ID: #26000194
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.