2362 Parsonage Rd APT 2HCharlestonSC29414
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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 2362 Parsonage Rd APT 2H, Charleston, SC, 29414 uses $58,013 cash to close to unlock $11,959/yr annual cash flow and $997/mo monthly cash flow. Total monthly income runs $2,162/mo, and a $857/mo payment keeps the spread at $997/mo. Purchase price stands at $175,000, and rental yield measures 14.83% with $2,162/mo rent. Return on cash invested shows 40.52% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 214.04% and total cumulative return in cash records $124,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,162/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1980
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 • EXP Realty LLC
Mls Name: CTMLS
Mls Provider:
Mls ID: #25017080
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