62 Gadsden St #ACharlestonSC29401
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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 62 Gadsden St #A, Charleston, SC, 29401 priced at $1,500,675 converts $5,932/mo rent into after a $7,345/mo obligation. Total monthly income equals $5,932/mo. Return on cash invested prints 12.96% in year one, and rental yield reads 4.74% against a $1,500,675 entry. Equity gained on principal adds $9,684/yr, while 5% annual appreciation compiles into $414,609 by year five. Five-year ROI reaches 65.18% and total cumulative return in cash sums $316,903. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,932/mo property income covering a $7,345/mo payment, not borrower’s personal income.
Townhouse
Built in 2016
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29401, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,495 (100%) |
| Owner Occupied HU | 2,606 (40.1%) |
| Renter Occupied HU | 2,405 (37.0%) |
| Vacant Housing Units | 1,484 (22.8%) |
| Median Home Value | $1,387,145 |
| Average Home Value | $1,475,668 |
Housing Distribution
Address Breakdown
Residential
5,557
Single Family
4,068
Multi-Family
1,489
Businesses
1,320
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Listed by: N/A • The Cassina Group
Mls Name: CTMLS
Mls Provider:
Mls ID: #25011045
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