1253 Lakefront DrCharlestonSC29412
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1253 Lakefront Dr, Charleston, SC, 29412 priced at $610,000 converts $3,769/mo rent into $137/mo cash flow after a $2,986/mo obligation. Total monthly income equals $3,769/mo, and annual cash flow totals $1,649/yr on $200,690 invested. Return on cash invested prints 20.88% in year one, and rental yield reads 7.41% against a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation compiles into $168,532 by year five. Five-year ROI reaches 107.72% and total cumulative return in cash sums $216,187. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,769/mo property income covering a $2,986/mo payment, not borrower’s personal income.
Single Family
Built in 1993
3,441 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Helen Klein • William Raveis - Carolina LLC
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #448353
Disclaimer: We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an as is as available basis only and may not reflect all real estate activity in the market. 2025 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc.