409 Saint Charles CtCharlestonSC29407
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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 409 Saint Charles Ct, Charleston, SC, 29407 priced at $300,000 converts $2,032/mo rent into $247/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,032/mo, and annual cash flow totals $2,958/yr on $99,450 invested. Return on cash invested prints 22.88% in year one, and rental yield reads 8.13% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 118.5% and total cumulative return in cash sums $117,852. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,032/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29407, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,316 (100%) |
| Owner Occupied HU | 10,241 (53.0%) |
| Renter Occupied HU | 7,489 (38.8%) |
| Vacant Housing Units | 1,586 ( 8.2%) |
| Median Home Value | $523,332 |
| Average Home Value | $648,399 |
Housing Distribution
Address Breakdown
Residential
18,192
Single Family
14,687
Multi-Family
3,505
Businesses
1,958
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Listed by: N/A • William Means Real Estate, LLC
Mls Name: CTMLS
Mls ID: #25026086