1224 Downer DrCharlestonSC29412
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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 1224 Downer Dr, Charleston, SC, 29412 uses $174,337 cash to close to unlock $7,862/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $3,810/mo, and a $2,594/mo payment keeps the spread at $655/mo. Purchase price stands at $529,900, and rental yield measures 8.63% with $3,810/mo rent. Return on cash invested shows 24.57% in year one, and 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 127.5% and total cumulative return in cash records $222,287. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,810/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29412, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,272 (100%) |
| Owner Occupied HU | 13,529 (66.7%) |
| Renter Occupied HU | 5,060 (25.0%) |
| Vacant Housing Units | 1,683 ( 8.3%) |
| Median Home Value | $570,652 |
| Average Home Value | $690,064 |
Housing Distribution
Address Breakdown
Residential
19,302
Single Family
16,721
Multi-Family
2,581
Businesses
725
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Listed by: N/A • EXP Realty LLC
Mls Name: CTMLS
Mls ID: #25032735