14 Lockwood Dr APT 11ACharlestonSC29401
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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 14 Lockwood Dr APT 11A, Charleston, SC, 29401 uses $67,858 cash to close to unlock $13,486/yr annual cash flow and $1,124/mo monthly cash flow. Total monthly income runs $2,548/mo, and a $1,002/mo payment keeps the spread at $1,124/mo. Purchase price stands at $204,700, and rental yield measures 14.94% with $2,548/mo rent. Return on cash invested shows 39.78% in year one, and 5% annual appreciation builds toward $56,555 over five years. Five-year ROI reaches 210.42% and total cumulative return in cash records $142,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,548/mo property income covering a $1,002/mo payment rather than investor’s personal income.
Apartment
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29401, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,495 (100%) |
| Owner Occupied HU | 2,606 (40.1%) |
| Renter Occupied HU | 2,405 (37.0%) |
| Vacant Housing Units | 1,484 (22.8%) |
| Median Home Value | $1,387,145 |
| Average Home Value | $1,475,668 |
Housing Distribution
Address Breakdown
Residential
5,557
Single Family
4,068
Multi-Family
1,489
Businesses
1,320
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Listed by: N/A • N/A
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