39 Spring St APT BCharlestonSC29403
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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 39 Spring St APT B, Charleston, SC, 29403 at $1,595,000 posts ROI 12.96% with from $6,304/mo rent. Total monthly income equals $6,304/mo. Return on cash invested measures 12.96% and rental yield reads 4.74% at the current $1,595,000. Equity gained on principal adds $10,292/yr, and 5% annual appreciation supports $440,669 by year five. Five-year ROI prints 65.16% and total cumulative return in cash totals $336,725. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,304/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2003
N/A 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
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Listed by: N/A • The Boulevard Company
Mls Name: CTMLS
Mls ID: #25029130