118 Congress St APT BCharlestonSC29403
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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
Rental property for sale in Charleston at 118 Congress St APT B, Charleston, SC, 29403 generates $4,302/mo in rent and, after a $2,780/mo payment, leaves $921/mo in cash flow. Total monthly income is $4,302/mo, and annual cash flow is $11,050/yr on $186,872 invested. Return on cash invested sits at 25.97% in year one, and rental yield is 9.09% on a $568,000 entry. Equity gained on principal adds $3,665/yr, while 5% annual appreciation builds toward $156,928 over five years. Five-year ROI reaches 135.02% and total cumulative return in cash sums $252,309. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,302/mo property income rather than buyer’s personal income.
Townhouse
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29403, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,738 (100%) |
| Owner Occupied HU | 4,024 (25.6%) |
| Renter Occupied HU | 8,465 (53.8%) |
| Vacant Housing Units | 3,249 (20.6%) |
| Median Home Value | $777,820 |
| Average Home Value | $872,206 |
Housing Distribution
Address Breakdown
Residential
13,011
Single Family
9,788
Multi-Family
3,223
Businesses
1,102
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25018792