700 Daniel Ellis Dr APT 6308CharlestonSC29412
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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 700 Daniel Ellis Dr APT 6308, Charleston, SC, 29412 generates $2,230/mo in rent and, after a $1,463/mo payment, leaves $451/mo in cash flow. Total monthly income is $2,230/mo, and annual cash flow is $5,407/yr on $99,119 invested. Return on cash invested sits at 25.36% in year one, and rental yield is 8.95% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 131.79% and total cumulative return in cash sums $130,630. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,230/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29412, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,272 (100%) |
| Owner Occupied HU | 13,529 (66.7%) |
| Renter Occupied HU | 5,060 (25.0%) |
| Vacant Housing Units | 1,683 ( 8.3%) |
| Median Home Value | $570,652 |
| Average Home Value | $690,064 |
Housing Distribution
Address Breakdown
Residential
19,302
Single Family
16,721
Multi-Family
2,581
Businesses
725
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Listed by: N/A • The Boulevard Company
Mls Name: CTMLS
Mls ID: #25030541