315 Ashley Ave #CCharlestonSC29403
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
Rental property for sale in Charleston at 315 Ashley Ave #C, Charleston, SC, 29403 offers $6,496/mo rent that, after a $4,892/mo payment, leaves $546/mo cash flow. Total monthly income is $6,496/mo, and annual cash flow is $6,554/yr on $328,836 cash. Return on cash invested measures 22.05% in year one, and rental yield stands at 7.8% at a $999,500 entry. Equity gained on principal adds $6,450/yr while 5% annual appreciation compounds into $276,143 by year five. Five-year ROI records 114% and total cumulative return in cash reaches $374,871. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,496/mo property income versus a $4,892/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29403, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,738 (100%) |
| Owner Occupied HU | 4,024 (25.6%) |
| Renter Occupied HU | 8,465 (53.8%) |
| Vacant Housing Units | 3,249 (20.6%) |
| Median Home Value | $777,820 |
| Average Home Value | $872,206 |
Housing Distribution
Address Breakdown
Residential
13,011
Single Family
9,788
Multi-Family
3,223
Businesses
1,102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • NextHome The Agency Group
Mls Name: CTMLS
Mls ID: #24020339