7011 Terrace DrCharlestonSC29406
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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 7011 Terrace Dr, Charleston, SC, 29406 offers a 10.08% rental yield on a $285,000 purchase with $2,394/mo rent. Total monthly income registers $2,394/mo, and a $1,395/mo payment leaves $697/mo available for distribution. Annual cash flow reaches $8,369/yr on $94,478 to close, and return on cash invested stands at 28.77% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 150.06% and total cumulative return in cash at $141,774. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,394/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29406, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,269 (100%) |
| Owner Occupied HU | 5,639 (36.9%) |
| Renter Occupied HU | 8,476 (55.5%) |
| Vacant Housing Units | 1,154 ( 7.6%) |
| Median Home Value | $228,666 |
| Average Home Value | $311,248 |
Housing Distribution
Address Breakdown
Residential
14,352
Single Family
11,504
Multi-Family
2,848
Businesses
1,666
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Listed by: N/A • Agent Group Realty Charleston
Mls Name: CTMLS
Mls ID: #25020800