2404 Menola AveCharlestonSC29414
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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 2404 Menola Ave, Charleston, SC, 29414 with 5% annual appreciation on a $469,000 basis while $3,676/mo rent supports operations. Total monthly income totals $3,676/mo and a $2,296/mo payment preserves $884/mo for cash returns. Annual cash flow comes to $10,604/yr on $155,474 deployed, and return on cash invested reaches 26.73% in year one. Equity gained on principal adds $3,026/yr, and five-year appreciation sums $129,576 alongside rental yield of 9.41%. Five-year ROI measures 139.11% and total cumulative return in cash totals $216,283.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,676/mo property income versus a $2,296/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.34 Acres 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 • The Boulevard Company
Mls Name: CTMLS
Mls ID: #25012698