503 Risher StCharlestonSC29407
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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 503 Risher St, Charleston, SC, 29407 with 5% annual appreciation on a $450,000 basis while $4,270/mo rent supports operations. Total monthly income totals $4,270/mo and a $2,203/mo payment preserves $1,591/mo for cash returns. Annual cash flow comes to $19,089/yr on $149,175 deployed, and return on cash invested reaches 32.71% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 11.39%. Five-year ROI measures 171.15% and total cumulative return in cash totals $255,306.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,270/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
8,276 sqft 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 West Ashley
Mls Name: CTMLS
Mls ID: #25023188