1028 Terracotta DrCharlestonSC29407
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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 1028 Terracotta Dr, Charleston, SC, 29407 uses $337,443 cash to close to unlock $6,969/yr annual cash flow and $581/mo monthly cash flow. Total monthly income runs $6,781/mo, and a $5,098/mo payment keeps the spread at $581/mo. Purchase price stands at $1,041,491, and rental yield measures 7.81% with $6,781/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $287,745 over five years. Five-year ROI reaches 115.97% and total cumulative return in cash records $391,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,781/mo property income covering a $5,098/mo payment rather than investor’s personal income.
Single Family
Built in 2024
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 • Homes By Dickerson
Mls Name: Homes By Dickerson
Mls Provider:
Mls ID: #N/A