1423 Ashley River Rd APT 2DCharlestonSC29407
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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 1423 Ashley River Rd APT 2D, Charleston, SC, 29407 generates $1,748/mo in rent and, after a $1,170/mo payment, leaves $325/mo in cash flow. Total monthly income is $1,748/mo, and annual cash flow is $3,901/yr on $79,229 invested. Return on cash invested sits at 24.83% in year one, and rental yield is 8.78% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 129% and total cumulative return in cash sums $102,204. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,748/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29407, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,316 (100%) |
| Owner Occupied HU | 10,241 (53.0%) |
| Renter Occupied HU | 7,489 (38.8%) |
| Vacant Housing Units | 1,586 ( 8.2%) |
| Median Home Value | $523,332 |
| Average Home Value | $648,399 |
Housing Distribution
Address Breakdown
Residential
18,192
Single Family
14,687
Multi-Family
3,505
Businesses
1,958
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Listed by: N/A • The Boulevard Company
Mls Name: CTMLS
Mls ID: #26000477