7668 Hunters Ridge Ln Unit 1.4 · North Charleston, SC 29420

$649,900

8 bd · 19.6 ba · 4,000 sqft · MultiFamily · 26 Days on market

Built 1973 Fair condition 0.25 ac lot ↓ 3% since listing

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Why this score? — see what drove the C- 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 +19.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +5.1/10.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Rent growth +3.0/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks

Investment opportunity in the heart of North Charleston! This quadplex at 7668 Hunters Ridge Lane offers exceptional income potential for both seasoned investors and owner-occupants looking to offset expenses with rental revenue. Featuring four separate units, this multifamily property provides strong cash flow opportunities in a high-demand rental area convenient to Boeing, Joint Base Charleston, Charleston International Airport, shopping, dining, and major highways. Each unit offers comfortable living spaces with functional layouts designed for long-term tenant appeal. The property's location in the desirable Dorchester County area adds to its investment value, with continued growth and s

Key facts

• Strong cash flow
• Strong rental demand
• Four separate units

Tags

• FOUR SEPARATE UNITS
• STRONG CASH FLOW
• HIGH-DEMAND RENTAL AREA
• COMFORTABLE LIVING SPACES
• FUNCTIONAL LAYOUTS
• STRONG RENTAL DEMAND

Property features AI

Finance

• Financial info: 4 total units; Tenants responsible for all utilities

Exterior

• Utilities: Public sewer
• Home design: Residential income property; Quadruplex
• Construction: Located in the Pepperidge subdivision
• Exterior features: Asphalt roof

Interior

• Bedrooms: 8 total bedrooms
• Bathrooms: 19 total bathrooms
• Heating & cooling: Central heating; Electric heating; Central air conditioning
• Interior features: Bus line access in the community
• Laundry & utility: Tenants pay all utilities

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/4.9-bath units multifamily listed at $650k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $689 ($8k/yr) — positive. Per door: $172/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $650k).
• Recommended offer: $640k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.6% 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.
• Dorchester 02 (suburban): math 40% / reading 55% proficiency, ranked #12 of 80 in SC (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Windsor Hill Arts Infused Elementary (math 28% / reading 35%, grade F, #383 of 597 statewide, top 64%, 693 students, 100% FRL); River Oaks Middle (math 14% / reading 32%, grade F, #171 of 229 statewide, top 76%, 849 students, 84% FRL); Fort Dorchester High (math 58% / reading 88%, grade B+, #44 of 196 statewide, top 23%, 2,312 students, 62% FRL) — zoned schools average 82% FRL vs 36% district-wide (46 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.8%/yr); 129 active listings in the ZIP; 1,199 units permitted in Dorchester County in 2024 (0 in 5+ unit buildings).
• At $6,557/mo this rent would consume 108% of the median local household income ($73k/yr) (locally 738% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $19k of value loss. Plan a longer hold.
• Dorchester County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($640k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 98% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $640,151 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.01% ✓
• Cap rate: 7.56%
• Cash-on-cash: 4.54%
• DSCR: 1.20
• GRM: 8.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.83% rent growth · sell at horizon

5-year hold

• IRR: -10.5%
• Equity multiple: 0.62×
• Total profit: $-68,979
• Equity at exit: $96,902

10-year hold

• IRR: -2.9%
• Equity multiple: 0.81×
• Total profit: $-33,762
• Equity at exit: $56,191

Cash invested: $181,972 (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 29420

• Home prices YoY: -14.6%
• Rents YoY: 1.8%
• Active inventory: 129
• Price-to-rent: 33.0×

Monthly cashflow live

• Estimated rent: $6,557 high
• Mortgage (P&I): −$3,408
• Tax est. 1.5%: −$812 /mo · $9,748/yr
• Insurance: −$271
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,377
• Net cashflow: $689

Break-even live

Break-even rent $5,685

Max offer price $649,900

Occupancy floor 84%

Sensitivity live

Price	-10% $1,138	-5% $913	+0% $689	+5% $464	+10% $240
Rent	-10% $171	-5% $430	+0% $689	+5% $948	+10% $1,207
Rate	-1.0pp $1,016	-0.5pp $854	base $689	+0.5pp $520	+1.0pp $349

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	4.9	$6,556
Total (4 units)			$6,557

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: $162,475
• Closing costs: $19,497
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-03
   days on market $649,900 Active 26 DOM
2. 2026-06-03
   days on market $649,900 Active 25 DOM
3. 2026-06-01
   days on market $649,900 Active 24 DOM
4. 2026-05-31
   days on market $649,900 Active 23 DOM
5. 2026-05-15
   price $649,900
6. 2026-05-08
   listed $669,900 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $78,684
• − Mortgage interest: −$36,405
• − Property taxes: −$9,748
• − Insurance: −$3,250
• − Repairs & maintenance: −$6,295
• − Management: −$6,295
• − Depreciation: −$18,906
• Taxable loss: −$2,214
• Est. tax savings @ 24.0%: +$531
• After-tax cash flow: $8,796/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.

Condition & rehab AI · 3 photos

Fair 45/100 Moderate rehab

This multi-family property requires moderate repairs and maintenance to improve its condition and value. Painting, landscaping, and roof repair are key areas for investment.

Repairs flagged

• Moderate roof — Signs of wear and potential for leaks
• Moderate exterior siding — Weathered and in need of repainting
• Moderate fencing — In poor condition and needs repair

Value-add opportunities

• Both Painting and repainting the exterior — Enhances curb appeal and value
• Both Landscaping and trimming — Improves curb appeal and enhances property value
• Both Roof inspection and repair — Prevents leaks and potential water damage

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Signs of wear and potential for leaks	Moderate	$3,000–15,000
exterior siding · Weathered and in need of repainting	Moderate	$3,000–15,000
fencing · In poor condition and needs repair	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$9,000–45,000

Value-add ROI direction

• Both Painting and repainting the exterior — Enhances curb appeal and value ↑
• Both Landscaping and trimming — Improves curb appeal and enhances property value ↑
• Both Roof inspection and repair — Prevents leaks and potential water damage ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Dorchester 02
• NCES district ID: 4502010
• Math proficiency: 40% ▼ -13.00%
• Reading proficiency: 55% ▼ -4.00%
• Median HH income: $57,937
• Composite: 41.41/100
• National rank: #3475
• State rank: #12 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: Dorchester County · 182,866 people
• City population: 108,266
• Metro: Charleston-North Charleston, SC
• Population (ZIP): 23,959
• Household income: $72,661
• Rent vs Own: 37.8% rent · 62.2% own
• Severe rent burden: 738.0

Population outlook (Dorchester County) Hauer SSP2

• Today (2025): 186,982 people
• By 2030: 203,967 · +9.1%
• By 2040: 237,160 · +26.8%
• By 2050: 267,479 · +43.1%
• By 2075: 333,025 · +78.1%
• By 2100: 366,560 · +96.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 41% Black 39% Hispanic / Latino 11% Asian 5% Two or more races 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Slovak 2% Italian 2% Lithuanian 1%
• Foreign-born: 10% · Canada, China, Vietnam
• Languages at home: 86% English-only · Spanish 10% Chinese 1% Other Asian/Pacific 1%

Political lean MEDSL · Dorchester

• 2024 margin: R (+14.6) · D 41.8% · R 56.4% · Other 1.9%
• 2008→2024 swing: +0.9pp no change · 2008: -15.5pp · 2024: -14.6pp
• All cycles: 2024: R+14.6 2020: R+10.5 2016: R+17.5 2012: R+16.0 2008: R+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -46.51%
• Current HPI: 271.2116
• Rent YoY: ▲ 1.83%
• 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

-3.0% since first listed

2 events — show timeline

• 2026-05-15 Price Changed $649,900 Charleston Trident MLS
• 2026-05-08 Listed $669,900 Charleston Trident MLS