16 Cleveland St #300CharlestonSC29403
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Charleston rental at 16 Cleveland St #300, Charleston, SC, 29403 sits in the solid-income band: 8.17% gross yield, $6,122/mo rent, $771/mo net after the $4,042/mo debt service, DSCR 1.51. Entry price of $899,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $248,377 and $8,280/yr in principal reduction bring total cumulative return to $389,576.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.2% |
| Monthly Cash Flow | $771 | $1,850 |
City averages based on Charleston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,122 |
| Total Monthly Debt Service | $4,994 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2022
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • The Cassina Group
Mls Name: CTMLS
Mls ID: #26000326