0 Merritt Rd #D-4CharlestonSC29407
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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
Investment property for sale in Charleston at 0 Merritt Rd #D-4, Charleston, SC, 29407 offers a 23.82% rental yield on a $117,000 purchase with $2,322/mo rent. Total monthly income registers $2,322/mo, and a $573/mo payment leaves $1,625/mo available for distribution. Annual cash flow reaches $19,502/yr on $38,786 to close, and return on cash invested stands at 70.19% in year one. Equity gained on principal adds $755/yr while 5% annual appreciation supports $32,325 over five years. Portfolio math shows five-year ROI at 372.27% and total cumulative return in cash at $144,385. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,322/mo property income against a $573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29407, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,316 (100%) |
| Owner Occupied HU | 10,241 (53.0%) |
| Renter Occupied HU | 7,489 (38.8%) |
| Vacant Housing Units | 1,586 ( 8.2%) |
| Median Home Value | $523,332 |
| Average Home Value | $648,399 |
Housing Distribution
Address Breakdown
Residential
18,192
Single Family
14,687
Multi-Family
3,505
Businesses
1,958
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Listed by: N/A • Charleston Metro Homes, LLC.
Mls Name: CTMLS
Mls Provider:
Mls ID: #22022516
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.