2262 Folly Rd #2BCharlestonSC29412
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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 2262 Folly Rd #2B, Charleston, SC, 29412 uses $127,628 cash to close to unlock $7,147/yr annual cash flow and $596/mo monthly cash flow. Total monthly income runs $2,887/mo, and a $1,884/mo payment keeps the spread at $596/mo. Purchase price stands at $385,000, and rental yield measures 9% with $2,887/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 132.57% and total cumulative return in cash records $169,198. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,887/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29412, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,272 (100%) |
| Owner Occupied HU | 13,529 (66.7%) |
| Renter Occupied HU | 5,060 (25.0%) |
| Vacant Housing Units | 1,683 ( 8.3%) |
| Median Home Value | $570,652 |
| Average Home Value | $690,064 |
Housing Distribution
Address Breakdown
Residential
19,302
Single Family
16,721
Multi-Family
2,581
Businesses
725
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Listed by: N/A • Keller Williams Realty Charleston
Mls Name: CTMLS
Mls ID: #25032809