Two-Home Short-Term Rental
For Sale
$550,000
4317&4319 Davison Road, Ravenel, SC 29470
MULTI_FAMILY - Ravenel, SC
Property Size2,592 SF
Lot Size0.56 Acres
Price / SF$212.19
Days on Market51
Property Features for 4317&4319 Davison Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 5
Parking
1
Elementary school
E.B. Ellington
Middle school
Baptist Hill
High school
Baptist Hill
Directions
Head South On Hwy 17 Savannah Highway To Davison Road, Take A Right Onto Davison And Go About 1 1/2 Miles The Property Will Be On The Left.
Subdivision
13 - West of the Ashley beyond Rantowles Creek
Standard status
Active
Size
2,592 SF
Lot size
0.56 Acres
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
screened-in party porch
dedicated laundry room
Building Details
Year built
1950
Floors in Building
1
Building materials
Wood Siding
Roof type
Asphalt, Metal
Listing Agency:
Real Broker, LLC
(704) 454-8820
Listed By:
Jesse Rone
(704) 454-8820
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 11 at 12:06AM
MLS# 26017996
Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-home short-term rental property includes both residences located at 4319 and 4317 Davison Road. The main residence is described as having over 1,400 square feet of living space and features three bedrooms and two updated bathrooms, with a living area and a bright kitchen offering ample dining space. A screened-in “party porch” is highlighted for relaxing and entertaining. The second dwelling is described as a cottage with three bedrooms and two full bathrooms, plus a dedicated laundry room, a functional kitchen, and a family room suited for downtime after exploring the area.
The overall property sits on a 0.56-acre lot. Central heating and central air are in place, with public water and septic tank service. The home construction includes wood siding, and the roof is described as metal and asphalt.
With two separate dwellings on one site, the setup supports flexible short-stay hosting across the main residence and the cottage.
The overall property sits on a 0.56-acre lot. Central heating and central air are in place, with public water and septic tank service. The home construction includes wood siding, and the roof is described as metal and asphalt.
With two separate dwellings on one site, the setup supports flexible short-stay hosting across the main residence and the cottage.
Key Highlights
- Two residences included at 4319 and 4317 Davison Road
- Main residence described as over 1,400 SF with three bedrooms and two updated bathrooms
- Screened‑in “party porch” on the main residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,412
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$528,240
$528.2K
Cap Rate 7%
$377,314
$377.3K
Cap Rate 9%
$293,467
$293.5K
Market Conditions
NOI Build-Up for 2,592 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.3K $20.16/SF
− Vacancy
−$4.2K −$1.63/SF
EGI
$48.0K $18.53/SF
− OpEx
−$21.6K −$8.34/SF
NOI
$26.4K $10.19/SF
Area
Charleston County, SC
Vacancy
8.10%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$528,240
Cap Rate 7%
$377,314
Cap Rate 9%
$293,467
Alternative Uses
Best Use
Apartment 5plus
$377.3K
$330.2K – $440.2K
NOI $26,412 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$940.9K
$823.3K – $1.10M
NOI $65,863 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 29470, SC
4,598
Population
2,370
Households
1.9
Avg Household Size
47
Median Age
39%
College-Educated
95%
High-School Grad
72.5 sq mi
ZIP Area
63
Density / Sq Mi
$69,762
Median Household Income
$41,425
Median Earnings
$971
Median Rent
$243,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two dwellings on a 0.56-acre lot with central HVAC, public water, and a screened-in party porch in the main home.
Where is this short term rental property located?
The property is located at 4317&4319 Davison Road Ravenel, SC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two residences included at 4319 and 4317 Davison Road; Main residence described as over 1,400 SF with three bedrooms and two updated bathrooms; Screened‑in “party porch” on the main residence
