554 Merrywood DrCharlestonSC29414
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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 554 Merrywood Dr, Charleston, SC, 29414 generates $2,886/mo in rent and, after a $2,193/mo payment, leaves $219/mo in cash flow. Total monthly income is $2,886/mo, and annual cash flow is $2,626/yr on $148,512 invested. Return on cash invested sits at 21.68% in year one, and rental yield is 7.73% on a $448,000 entry. Equity gained on principal adds $2,891/yr, while 5% annual appreciation builds toward $123,774 over five years. Five-year ROI reaches 112.02% and total cumulative return in cash sums $166,358. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,886/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
5,662 sqft 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 ID: #26000625