14 Lockwood Dr APT 1KCharlestonSC29401
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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 1K, Charleston, SC, 29401 at $255,000 posts ROI 22.49% with $182/mo cash flow from $1,700/mo rent. Total monthly income equals $1,700/mo, and annual cash flow records $2,186/yr on $84,533 to close. Return on cash invested measures 22.49% and rental yield reads 8% at the current $255,000. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 by year five. Five-year ROI prints 116.44% and total cumulative return in cash totals $98,432.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,700/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
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 • Compass Carolinas, LLC
Mls Name: CTMLS
Mls ID: #25020409