2494 Etiwan Ave #9-JCharlestonSC29414
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2494 Etiwan Ave #9-J, Charleston, SC, 29414 in Charleston hard to pass up. The 11.8% gross yield on a $162,000 purchase results in $1,592/mo in rent and $628/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.07). Annual cash flow of $7,536, five-year appreciation of $44,758, and $1,358/yr in equity build-up combine for a projected total cumulative return of $98,624.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 5.2% |
| Monthly Cash Flow | $628 | $1,850 |
City averages based on Charleston market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,592 |
| Total Monthly Debt Service | $939 |
| DSCR Ratio | 1.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1978
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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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: CTMLS
Mls Provider:
Mls ID: #26027642
