401 S Elgin Ct #401CharlestonSC29414
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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
Rental property for sale in Charleston at 401 S Elgin Ct #401, Charleston, SC, 29414 generates $2,570/mo in rent and, after a $1,539/mo payment, leaves $698/mo in cash flow. Total monthly income is $2,570/mo, and annual cash flow is $8,378/yr on $104,257 invested. Return on cash invested sits at 27.94% in year one, and rental yield is 9.81% on a $314,500 entry. Equity gained on principal adds $2,029/yr, while 5% annual appreciation builds toward $86,891 over five years. Five-year ROI reaches 145.65% and total cumulative return in cash sums $151,852. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,570/mo property income rather than buyer’s personal income.
Condo
Built in 2004
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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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls Provider:
Mls ID: #25015727
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.