960 Savage RdCharlestonSC29414
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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 960 Savage Rd, Charleston, SC, 29414 priced at $425,000 converts $3,284/mo rent into $754/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,284/mo, and annual cash flow totals $9,051/yr on $140,888 invested. Return on cash invested prints 26.33% in year one, and rental yield reads 9.27% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 137% and total cumulative return in cash sums $193,013. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,284/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1975
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29414, Charleston, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,381 (100%) |
| Owner Occupied HU | 13,816 (59.1%) |
| Renter Occupied HU | 7,939 (34.0%) |
| Vacant Housing Units | 1,626 ( 7.0%) |
| Median Home Value | $417,510 |
| Average Home Value | $493,899 |
Housing Distribution
Address Breakdown
Residential
22,116
Single Family
16,210
Multi-Family
5,906
Businesses
520
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Listed by: N/A • Keller Williams Realty Charleston
Mls Name: CTMLS
Mls ID: #25032325