14 Lockwood Dr APT 2DCharlestonSC29401
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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
Rental property for sale in Charleston at 14 Lockwood Dr APT 2D, Charleston, SC, 29401 priced at $357,500 converts $3,283/mo rent into $759/mo cash flow after a $1,750/mo obligation. Total monthly income equals $3,283/mo, and annual cash flow totals $9,108/yr on $118,511 invested. Return on cash invested prints 27.59% in year one, and rental yield reads 11.02% against a $357,500 entry. Equity gained on principal adds $2,307/yr, while 5% annual appreciation compiles into $98,771 by year five. Five-year ROI reaches 145.24% and total cumulative return in cash sums $172,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,283/mo property income covering a $1,750/mo payment, not borrower’s personal income.
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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