78 Hanover StCharlestonSC29403
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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 78 Hanover St, Charleston, SC, 29403 uses $292,415 cash to close to unlock $7,216/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $5,892/mo, and a $4,350/mo payment keeps the spread at $601/mo. Purchase price stands at $888,800, and rental yield measures 7.95% with $5,892/mo rent. Return on cash invested shows 22.53% in year one, and 5% annual appreciation builds toward $245,559 over five years. Five-year ROI reaches 116.55% and total cumulative return in cash records $340,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,892/mo property income covering a $4,350/mo payment rather than investor’s personal income.
Single Family
Built in 2018
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29403, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,738 (100%) |
| Owner Occupied HU | 4,024 (25.6%) |
| Renter Occupied HU | 8,465 (53.8%) |
| Vacant Housing Units | 3,249 (20.6%) |
| Median Home Value | $777,820 |
| Average Home Value | $872,206 |
Housing Distribution
Address Breakdown
Residential
13,011
Single Family
9,788
Multi-Family
3,223
Businesses
1,102
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Listed by: N/A • The Boulevard Company
Mls Name: CTMLS
Mls ID: #25026189