840 Burger StCharlestonSC29407
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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 840 Burger St, Charleston, SC, 29407 priced at $450,000 converts $4,450/mo rent into $1,771/mo cash flow after a $2,203/mo obligation. Total monthly income equals $4,450/mo, and annual cash flow totals $21,249/yr on $149,175 invested. Return on cash invested prints 34.15% in year one, and rental yield reads 11.87% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 178.92% and total cumulative return in cash sums $266,898. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,450/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1973
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29407, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,316 (100%) |
| Owner Occupied HU | 10,241 (53.0%) |
| Renter Occupied HU | 7,489 (38.8%) |
| Vacant Housing Units | 1,586 ( 8.2%) |
| Median Home Value | $523,332 |
| Average Home Value | $648,399 |
Housing Distribution
Address Breakdown
Residential
18,192
Single Family
14,687
Multi-Family
3,505
Businesses
1,958
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Listed by: N/A • Colony & Craft LLC
Mls Name: CTMLS
Mls ID: #25030370