498 Cessna AveCharlestonSC29407
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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 498 Cessna Ave, Charleston, SC, 29407 uses $130,943 cash to close to unlock $8,351/yr annual cash flow and $696/mo monthly cash flow. Total monthly income runs $3,152/mo, and a $1,933/mo payment keeps the spread at $696/mo. Purchase price stands at $395,000, and rental yield measures 9.58% with $3,152/mo rent. Return on cash invested shows 26.29% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 137.08% and total cumulative return in cash records $179,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,152/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 1994
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 • Keller Williams Realty Charleston
Mls Name: CTMLS
Mls Provider:
Mls ID: #25027176
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.