2420 Raymond AveCharlestonSC29406
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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 2420 Raymond Ave, Charleston, SC, 29406 with 5% annual appreciation on a $414,750 basis while $3,052/mo rent supports operations. Total monthly income totals $3,052/mo and a $2,030/mo payment preserves $583/mo for cash returns. Annual cash flow comes to $6,997/yr on $137,490 deployed, and return on cash invested reaches 25% in year one. Equity gained on principal adds $2,676/yr, and five-year appreciation sums $114,588 alongside rental yield of 8.83%. Five-year ROI measures 129.85% and total cumulative return in cash totals $178,527.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,052/mo property income versus a $2,030/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29406, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,269 (100%) |
| Owner Occupied HU | 5,639 (36.9%) |
| Renter Occupied HU | 8,476 (55.5%) |
| Vacant Housing Units | 1,154 ( 7.6%) |
| Median Home Value | $228,666 |
| Average Home Value | $311,248 |
Housing Distribution
Address Breakdown
Residential
14,352
Single Family
11,504
Multi-Family
2,848
Businesses
1,666
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Listed by: N/A • Seabrook Island Real Estate
Mls Name: CTMLS
Mls Provider:
Mls ID: #24028580
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.