2362 Parsonage Rd APT 5ECharlestonSC29414
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
Investment Highlights
Investment property for sale in Charleston at 2362 Parsonage Rd APT 5E, Charleston, SC, 29414 uses $59,670 cash to close to unlock $4,170/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $1,419/mo, and a $881/mo payment keeps the spread at $348/mo. Purchase price stands at $180,000, and rental yield measures 9.46% with $1,419/mo rent. Return on cash invested shows 26.9% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 140.04% and total cumulative return in cash records $83,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,419/mo property income covering a $881/mo payment rather than investor’s personal income.
Townhouse
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25031747