151 Spring St APT ACharlestonSC29403
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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 151 Spring St APT A, Charleston, SC, 29403 offers $2,974/mo rent that, after a $5,139/mo payment. Total monthly income is $2,974/mo. Return on cash invested measures 8.81% in year one, and rental yield stands at 3.4% at a $1,050,000 entry. Equity gained on principal adds $6,775/yr while 5% annual appreciation compounds into $290,096 by year five. Five-year ROI records 42.93% and total cumulative return in cash reaches $146,033. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,974/mo property income versus a $5,139/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1852
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29403, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,738 (100%) |
| Owner Occupied HU | 4,024 (25.6%) |
| Renter Occupied HU | 8,465 (53.8%) |
| Vacant Housing Units | 3,249 (20.6%) |
| Median Home Value | $777,820 |
| Average Home Value | $872,206 |
Housing Distribution
Address Breakdown
Residential
13,011
Single Family
9,788
Multi-Family
3,223
Businesses
1,102
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Listed by: N/A • Hayden Jennings Properties
Mls Name: CTMLS
Mls ID: #25022047