426 Race StCharlestonSC29403
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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 426 Race St, Charleston, SC, 29403 generates $6,000/mo in rent and, after a $4,890/mo payment, leaves $53/mo in cash flow. Total monthly income is $6,000/mo, and annual cash flow is $633/yr on $328,671 invested. Return on cash invested sits at 20.25% in year one, and rental yield is 7.21% on a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 104.33% and total cumulative return in cash sums $342,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,000/mo property income rather than buyer’s personal income.
Multi Family
Built in 2009
3,920 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
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Listed by: N/A • Agent Group Realty Charleston
Mls Name: CTMLS
Mls ID: #25031148