85 Cumberland St #P2CharlestonSC29401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 85 Cumberland St #P2, Charleston, SC, 29401 generates $3,616/mo in rent, after a $3,842/mo payment. Total monthly income is $3,616/mo. Return on cash invested sits at 13.04% in year one, and rental yield is 5.53% on a $785,000 entry. Equity gained on principal adds $5,065/yr, while 5% annual appreciation builds toward $216,881 over five years. Five-year ROI reaches 66.44% and total cumulative return in cash sums $171,590. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,616/mo property income rather than buyer’s personal income.
Condo
Built in 1900
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • McConnell Real Estate Partners
Mls Name: CTMLS
Mls Provider:
Mls ID: #23027915
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.