1910 Tropicana Rd Unit 9-E · North Charleston, SC 29406

$161,500

2 bd · 2.5 ba · 1,066 sqft · Condo public records · 258 Days on market

Built 1985 $220/mo HOA · 14% of rent

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.3/30.0
• ARV discount +7.5/15.0
• 1% rule +4.8/10.0
• Schools +4.3/10.0
• DSCR +3.3/10.0
• Livability +3.3/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Renovated Condo in Riverway at Aichele Terrace!Welcome to 1910 Tropicana Road, a beautifully updated 2-bedroom, 1.5-bath condo in the centrally located Riverway at Aichele Terrace community in North Charleston. This home offers a prime location just minutes from Boeing, Trident Technical College, Charleston International Airport, and I-26, making commutes to Downtown Charleston and beyond a breeze. The nearby Rivers Avenue corridor is rapidly growing, adding even more convenience. Inside, you'll find a spacious living room and a well-designed floor plan. The two generously sized bedrooms upstairs each feature large closets and share a Jack-and-Jill style bathroom. Recent updates include dur

Key facts

• Renovated condo
• Durable lvp flooring
• Spacious living room

Tags

• RENOVATED CONDO
• SPACIOUS LIVING ROOM
• JACK-AND-JILL STYLE BATHROOM
• DURABLE LVP FLOORING
• NEW SHAKER KITCHEN CABINETS
• NEW GRANITE COUNTER TOPS

Property features AI

Finance

• HOA & community: Monthly association fee of $220; Lawn maintenance included; Trash service included

Exterior

• Parking: Off-street parking
• Utilities: Public sewer; Charleston Water Service; Dominion Energy
• Home design: Condominium (single family attached); Two levels; Ground level entry
• Construction: Asphalt roof; Condominium construction
• Exterior features: Interior lot; No other detached structures

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave; Refrigerator; Pantry / eat-in kitchen
• Bedrooms: 2 bedrooms; Primary bedroom on upper level with ceiling fan and walk-in closet
• Flooring: Ceramic tile; Luxury vinyl; Mixed tile and vinyl flooring
• Bathrooms: 2 bathrooms (including 1 half bath)
• Heating & cooling: Central air conditioning; Heat pump heating
• Interior features: Blown ceiling insulation; Walk-in closet(s); Ceiling fan(s); Eat-in kitchen; Family room; Pantry
• Laundry & utility: Washer; Dryer; Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath condo listed at $162k.

Deal economics

• At list price, monthly cash flow is $-60 ($-722/yr) — negative.
• To cash-flow at today's rent, offer at most $151k (6.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $158k (2.1% below list).
• Recommended offer: $142k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.8% vs local median 4.0% in North Charleston — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#122 in SC) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: employment C-, crime F, amenities F.
• Charleston 01 (urban): math 48% / reading 53% proficiency, ranked #7 of 80 in SC (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Pinehurst Elementary (math 18% / reading 13%, grade F, #539 of 597 statewide, top 91%, 656 students, 100% FRL); Morningside Middle (math 4% / reading 12%, grade F, #226 of 229 statewide, top 99%, 567 students, 100% FRL); Rb Stall High (math 49% / reading 63%, grade C, #126 of 196 statewide, top 65%, 1,952 students, 100% FRL) — zoned schools average 100% FRL vs 44% district-wide (56 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 50% district-wide (-24 pts) — the specific schools serving this property underperform the Charleston 01 average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.4%/yr); 174 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 4,156 units permitted in Charleston County in 2024 (857 in 5+ unit buildings).
• This rent runs 38% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Charleston County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 258 days — a 12% lower offer ($142k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $14k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $116k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,120 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 258 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.98% ✗
• Cap rate: 5.85%
• Cash-on-cash: -1.60%
• DSCR: 0.93
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.37% rent growth · sell at horizon

5-year hold

• IRR: -21.0%
• Equity multiple: 0.28×
• Total profit: $-32,410
• Equity at exit: $24,080

10-year hold

• IRR: -19.3%
• Equity multiple: 0.06×
• Total profit: $-42,707
• Equity at exit: $13,964

Cash invested: $45,220 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State South Carolina: 90 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 29406

• Home prices YoY: -6.7%
• Rents YoY: 1.4%
• Active inventory: 174
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,581 high
• Mortgage (P&I): −$847
• Tax from tax record: −$175 /mo · $2,096/yr
• Insurance: −$67
• HOA: −$220
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $-60

Break-even live

Break-even rent $1,657

Max offer price $150,875

Occupancy floor 99%

Sensitivity live

Price	-10% $31	-5% $-14	+0% $-60	+5% $-106	+10% $-152
Rent	-10% $-185	-5% $-123	+0% $-60	+5% $2	+10% $65
Rate	-1.0pp $21	-0.5pp $-19	base $-60	+0.5pp $-102	+1.0pp $-145

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $40,375
• Closing costs: $4,845
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6248 Lucille Dr Unit 15F North Charleston, SC	2.0	1.5	1066	$1,530	$1.44	15d	1	0.08mi
6280 Lucille Dr Unit D North Charleston, SC	2.0	1.5	1066	$1,450	$1.36	24d	1	0.09mi
2020 Coldspring Dr Unit F North Charleston, SC	2.0	2.0	921	$1,750	$1.90	24d	1	0.24mi
2020 Coldspring Dr North Charleston, SC	2.0	2.0	921	$1,700	$1.85	24d	1	0.25mi
1945 Hanahan Rd Charleston, SC	1.0–2.0	1.0–2.0	994	$1,936	$1.95	3d	13	0.27mi
6211 Rolling Fork Rd Apt E North Charleston, SC	2.0	2.0	988	$1,700	$1.72	24d	1	0.30mi
6600 Rivers Ave North Charleston, SC	1.0–3.0	1.0	809	$1,277	$1.58	4d	13	0.49mi
6220 Murray Dr Hanahan, SC	1.0–2.0	1.0	792	$1,263	$1.59	24d	4	0.66mi
1100 River Rd Hanahan, SC	2.0	1.0	850	$1,245	$1.46	4d	4	0.68mi
6880 Rivers Ave North Charleston, SC	1.0–2.0	1.0–2.0	946	$1,904	$2.01	3d	19	0.72mi
1901 Gumwood Blvd Unit F North Charleston, SC	2.0	1.0	1100	$900	$0.82	22d	1	0.81mi
6935 Rivers Ave Charleston, SC	2.0–3.0	2.0	875	$1,431	$1.64	4d	1	0.96mi
5902 Park St Hanahan, SC	3.0	1.0	1100	$1,650	$1.50	4d	1	1.05mi
5902 Park St Hanahan, SC	3.0	1.0	1100	$1,650	$1.50	12d	1	1.05mi
5806 Sledge St Hanahan, SC	2.0	2.0	1000	$1,600	$1.60	15d	1	1.14mi
5806 Sledge St Unit A Hanahan, SC	2.0	1.5	1200	$1,600	$1.33	4d	1	1.14mi
5739 Salvo ST , SC	2.0	2.0	994	$1,495	$1.50	24d	1	1.42mi
5475 Califf Rd Charleston, SC	2.0	1.0	750	$1,350	$1.80	24d	1	1.48mi
2966 Evening Tide Dr Hanahan, SC	3.0	2.0	1140	$2,725	$2.39	4d	1	1.50mi

HOA detail condo

• Monthly dues: $220 · $2,640/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 27 events

1. 2026-06-18
   days on market $161,500 Active 258 DOM
2. 2026-06-17
   days on market $161,500 Active 257 DOM
3. 2026-06-16
   days on market $161,500 Active 256 DOM
4. 2026-06-15
   pricedays on market $161,500 Active 255 DOM
5. 2026-06-10
   days on market $161,900 Active 250 DOM
6. 2026-06-09
   days on market $161,900 Active 249 DOM
7. 2026-06-08
   days on market $161,900 Active 248 DOM
8. 2026-06-07
   days on market $161,900 Active 247 DOM
9. 2026-06-05
   days on market $161,900 Active 244 DOM
10. 2026-06-03
    days on market $161,900 Active 243 DOM
11. 2026-06-01
    days on market $161,900 Active 241 DOM
12. 2026-05-31
    days on market $161,900 Active 240 DOM
13. 2026-05-08
    price $161,900
14. 2026-03-20
    price $163,500
15. 2026-03-11
    price $163,900
16. 2026-02-23
    status Active
17. 2026-01-26
    historical Active Under Contract
18. 2026-01-13
    price $164,000
19. 2025-12-15
    status Active
20. 2025-12-12
    historical Active Under Contract
21. 2025-11-28
    price $166,000
22. 2025-11-03
    price $170,000
23. 2025-11-03
    price $173,900
24. 2025-10-03
    listed $175,000 Active
25. 2021-08-16
    soldstatus $116,000
26. 2016-03-11
    soldstatus $53,500
27. 2005-05-23
    soldstatus $75,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast SC · Resets to sale price

• Current annual tax: $2,096 · $175/mo
• Projected year-2 tax: $2,096 · $175/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,968
• − Mortgage interest: −$9,047
• − Property taxes: −$2,096
• − Insurance: −$808
• − Repairs & maintenance: −$1,517
• − Management: −$1,517
• − HOA: −$2,640
• − Depreciation: −$4,698
• Taxable loss: −$3,355
• Est. tax savings @ 24.0%: +$805
• After-tax cash flow: $83/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Charleston 01
• NCES district ID: 4501440
• Math proficiency: 48% ▼ -2.00%
• Reading proficiency: 53% ▬ 0.00%
• Median HH income: $52,376
• Composite: 43.41/100
• National rank: #3018
• State rank: #7 of 80 in SC

Livability — North Charleston

• Score: 66/100
• State rank: #122
• US rank: #12222

Category grades

Amenities F Commute F Cost of living A Crime F Employment C- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Charleston, SC
• County: Charleston County · 366,793 people
• City population: 108,266
• Metro: Charleston-North Charleston, SC
• Population (ZIP): 32,001
• Household income: $49,815
• Rent vs Own: 58.2% rent · 41.8% own
• Severe rent burden: 2054.0

Population outlook (Charleston County) Hauer SSP2

• Today (2025): 480,562 people
• By 2030: 525,921 · +9.4%
• By 2040: 612,189 · +27.4%
• By 2050: 691,627 · +43.9%
• By 2075: 847,979 · +76.5%
• By 2100: 926,482 · +92.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Black 40% White 32% Hispanic / Latino 19% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1%
• Common ancestry: Romanian 1% Italian 1% Lithuanian 1%
• Foreign-born: 15% · Canada, Vietnam
• Languages at home: 79% English-only · Spanish 17% Vietnamese 1% Tagalog/Filipino 1%

Political lean MEDSL · Charleston

• 2024 margin: Lean D (+5.7) · D 51.9% · R 46.3% · Other 1.8%
• 2008→2024 swing: -2.7pp toward R · 2008: 8.3pp · 2024: 5.7pp
• All cycles: 2024: D+5.7 2020: D+12.9 2016: D+7.9 2012: D+2.4 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.09%
• Current HPI: 374.9164
• Rent YoY: ▲ 1.37%
• Metro: Charleston-North Charleston, SC
• State GDP YoY: ▲ 4.51%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SC)

Industry	F500 HQs	Revenue
▸Packaging	1	$7B

Price history

+113.3% since first listed

15 events — show timeline

• 2026-05-08 Price Changed $161,900 Charleston Trident MLS
• 2026-03-20 Price Changed $163,500 Charleston Trident MLS
• 2026-03-11 Price Changed $163,900 Charleston Trident MLS
• 2026-02-23 Relisted — Charleston Trident MLS
• 2026-01-26 Contingent — Charleston Trident MLS
• 2026-01-13 Price Changed $164,000 Charleston Trident MLS
• 2025-12-15 Relisted — Charleston Trident MLS
• 2025-12-12 Contingent — Charleston Trident MLS
• 2025-11-28 Price Changed $166,000 Charleston Trident MLS
• 2025-11-03 Price Changed $170,000 Charleston Trident MLS
• 2025-11-03 Price Changed $173,900 Charleston Trident MLS
• 2025-10-03 Listed $175,000 Charleston Trident MLS
• 2021-08-16 Sold (Public Records) $116,000 Public Records
• 2016-03-11 Sold (Public Records) $53,500 Public Records
• 2005-05-23 Sold (Public Records) $75,900 Public Records

Property tax history

+12.1%/yr

Latest (2022): $2,096 · +77.2% YoY. Source: county tax records.