2337 Tall Sail Dr #408HCharlestonSC29414
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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 2337 Tall Sail Dr #408H, Charleston, SC, 29414 offers a 8.16% rental yield on a $449,000 purchase with $3,052/mo rent. Total monthly income registers $3,052/mo, and a $2,198/mo payment leaves $379/mo available for distribution. Annual cash flow reaches $4,546/yr on $148,844 to close, and return on cash invested stands at 22.96% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 118.9% and total cumulative return in cash at $176,980. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,052/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29414, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,381 (100%) |
| Owner Occupied HU | 13,816 (59.1%) |
| Renter Occupied HU | 7,939 (34.0%) |
| Vacant Housing Units | 1,626 ( 7.0%) |
| Median Home Value | $417,510 |
| Average Home Value | $493,899 |
Housing Distribution
Address Breakdown
Residential
22,116
Single Family
16,210
Multi-Family
5,906
Businesses
520
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Listed by: N/A • Coldwell Banker Comm/Atlantic Int'l
Mls Name: CTMLS
Mls ID: #25024436