1204 Marvin AveCharlestonSC29407
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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 1204 Marvin Ave, Charleston, SC, 29407 uses $180,621 cash to close to unlock $4,056/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $3,606/mo, and a $2,687/mo payment keeps the spread at $338/mo. Purchase price stands at $549,000, and rental yield measures 7.88% with $3,606/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 115.34% and total cumulative return in cash records $208,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,606/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.34 Acres 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 • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #26000448