14 Lockwood Dr APT 4LCharlestonSC29401
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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 4L, Charleston, SC, 29401 offers a 9.41% rental yield on a $198,000 purchase with $1,553/mo rent. Total monthly income registers $1,553/mo, and a $969/mo payment leaves $374/mo available for distribution. Annual cash flow reaches $4,493/yr on $65,637 to close, and return on cash invested stands at 26.75% in year one. Equity gained on principal adds $1,278/yr while 5% annual appreciation supports $54,704 over five years. Portfolio math shows five-year ROI at 139.28% and total cumulative return in cash at $91,420. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,553/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, 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 • Elaine Brabham and Associates
Mls Name: CTMLS
Mls ID: #25030286