4744 Wright Ave · North Charleston, SC 29405

$150,000

2 bd · 1.0 ba · 667 sqft · SingleFamily public records · 17 Days on market

Built 1974 2,178 sqft lot Est $242k · 38% under

---

Why this score? — see what drove the B- 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 +25.4/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +5.7/10.0
• Schools +4.3/10.0
• Rent growth +4.1/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Handyman special: As is Where is. This Bungalow-style home has lots of potential. The property location is just minutes away from shopping outlets, Charleston International Airport and Amtrak Train Station. Also, for those commuting the interstate is not far from this location as well. It is also center location for area middle school and high schools.

Key facts

• Amtrak train station
• Bungalow-style home
• High schools

Tags

• BUNGALOW-STYLE HOME
• AMTRAK TRAIN STATION
• COMMUTING THE INTERSTATE
• HIGH SCHOOLS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $345 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.1% 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: North Charleston Elementary (math 22% / reading 12%, grade F, #515 of 597 statewide, top 89%, 302 students, 100% FRL); Morningside Middle (math 4% / reading 12%, grade F, #226 of 229 statewide, top 99%, 567 students, 100% FRL); North Charleston High (math 27% / reading 57%, grade F, #174 of 196 statewide, top 90%, 768 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 22% at this address vs 50% district-wide (-28 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 fast (+6.4%/yr); 203 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 34% of the median local income ($57k/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 $4k 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.
• At projected returns (-3.0% appreciation + 6.4% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,750 (1.5% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 9.06%
• Cash-on-cash: 9.87%
• DSCR: 1.44
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $242,121
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4546 Holly St	0.37mi	2/1.0	767 (+15%)	10mo	$400,000	$522	49
1906 Bolton Street St	0.47mi	2/1.0	600 (-10%)	17mo	$140,000	$233	47
1913 Harper St	0.73mi	2/1.0	584 (-12%)	18mo	$212,000	$363	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.36% rent growth · sell at horizon

5-year hold

• IRR: 2.0%
• Equity multiple: 1.08×
• Total profit: $3,275
• Equity at exit: $22,365

10-year hold

• IRR: 14.4%
• Equity multiple: 2.33×
• Total profit: $55,762
• Equity at exit: $12,969

Cash invested: $42,000 (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 29405

• Home prices YoY: -29.0%
• Rents YoY: 6.4%
• Active inventory: 203
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,612 high
• Mortgage (P&I): −$787
• Tax from tax record: −$79 /mo · $946/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $345

Break-even live

Break-even rent $1,175

Max offer price $150,000

Occupancy floor 74%

Sensitivity live

Price	-10% $430	-5% $388	+0% $345	+5% $303	+10% $260
Rent	-10% $218	-5% $282	+0% $345	+5% $409	+10% $473
Rate	-1.0pp $421	-0.5pp $383	base $345	+0.5pp $306	+1.0pp $267

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1908 Fuller St Unit A North Charleston, SC	1.0	1.0	450	$1,170	$2.60	24d	1	0.64mi
1215 # N Unit Mosstree Rd unit 12 North Charleston, SC	1.0	1.0	500	$1,100	$2.20	24d	1	0.65mi
1202 Bexley St Unit C North Charleston, SC	2.0	1.0	600	$1,650	$2.75	24d	1	0.71mi
4251 S Rhett Ave North Charleston, SC	1.0–3.0	1.0–2.5	1119	$2,462	$2.20	4d	16	0.78mi
2403 Mall Dr North Charleston, SC	1.0–2.0	1.0–2.0	911	$2,470	$2.71	4d	20	0.93mi
2125 Aberdeen Ave Unit 102 North Charleston, SC	2.0	1.0	625	$1,375	$2.20	4d	1	1.04mi
4003 S Rhett Ave Unit C5 North Charleston, SC	2.0	1.0	640	$1,399	$2.19	20d	1	1.07mi
4003 S Rhett Ave Unit B6 North Charleston, SC	2.0	1.0	640	$1,350	$2.11	24d	1	1.07mi
4993 Ohear Ave North Charleston, SC	1.0	1.0	659	$2,235	$3.39	24d	1	1.16mi
2169 Eleanor Dr Apt B North Charleston, SC	1.0	1.0	466	$1,200	$2.58	15d	1	1.26mi
2181 Eleanor Dr Unit A North Charleston, SC	2.0	1.0	644	$1,640	$2.55	24d	1	1.28mi
2181 Eleanor Dr North Charleston, SC	2.0	1.0	644	$1,640	$2.55	15d	1	1.28mi
5475 Califf Rd Charleston, SC	2.0	1.0	750	$1,350	$1.80	24d	1	1.28mi
4105 Ohear Ave North Charleston, SC	1.0	1.0	600	$975	$1.62	24d	1	1.29mi
5527 Read St Apt 28 North Charleston, SC	2.0	1.0	570	$1,450	$2.54	20d	1	1.33mi
5527 Read St Apt 21 North Charleston, SC	2.0	1.0	570	$1,499	$2.63	20d	1	1.33mi
4133 Saint Johns Ave North Charleston, SC	1.0	1.0	500	$1,200	$2.40	24d	1	1.34mi
5607 Aldrich Ave North Charleston, SC	2.0	1.0	650	$1,650	$2.54	24d	1	1.35mi
5555 Mole Ln North Charleston, SC	2.0	1.0	625	$1,620	$2.59	13d	4	1.35mi
5555 Mole Ln Apt B1 North Charleston, SC	2.0	1.0	625	$1,600	$2.56	24d	1	1.36mi
1815 Sumner Ave North Charleston, SC	2.0	1.0	625	$1,500	$2.40	15d	2	1.36mi
1441 Remount Rd Unit 14 North Charleston, SC	2.0	1.0	625	$1,500	$2.40	24d	1	1.44mi
1441 Remount Rd North Charleston, SC	2.0–3.0	1.0–2.0	837	$1,500	$1.79	15d	3	1.44mi

Listing history 2 events

1. 2026-01-05
   status Pending
2. 2025-12-19
   listed $150,000 Active

ⓘ 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: $946 · $79/mo
• Projected year-2 tax: $946 · $79/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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 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: $19,340
• − Mortgage interest: −$8,402
• − Property taxes: −$946
• − Insurance: −$750
• − Repairs & maintenance: −$1,547
• − Management: −$1,547
• − Depreciation: −$4,364
• Taxable income: $1,784
• Est. tax owed @ 24.0%: −$428
• After-tax cash flow: $3,715/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): 26,254
• Household income: $56,600
• Rent vs Own: 49.4% rent · 50.6% own
• Severe rent burden: 1564.0

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: Majority Black (57%)
• Race & ethnicity: Black 57% White 34% Hispanic / Latino 5% Two or more races 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5%

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: ▼ -152.19%
• Current HPI: 372.8886
• Rent YoY: ▲ 6.36%
• 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

2 events — show timeline

• 2026-01-05 Pending — Charleston Trident MLS
• 2025-12-19 Listed $150,000 Charleston Trident MLS

Property tax history

+24.1%/yr

Latest (2022): $946 · +447.3% YoY. Source: county tax records.