1 Norris Dr. #108Pawleys IslandSC29585
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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 Pawleys Island at 1 Norris Dr. #108, Pawleys Island, SC, 29585 with 5% annual appreciation on a $280,000 basis while $1,248/mo rent supports operations. 5% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 5.35%. Five-year ROI measures 73.55% and total cumulative return in cash totals $68,265. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,248/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29585, Pawleys Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,166 (100%) |
| Owner Occupied HU | 7,094 (58.3%) |
| Renter Occupied HU | 1,077 ( 8.9%) |
| Vacant Housing Units | 3,995 (32.8%) |
| Median Home Value | $472,632 |
| Average Home Value | $558,954 |
Housing Distribution
Address Breakdown
Residential
9,880
Single Family
8,875
Multi-Family
1,005
Businesses
886
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Listed by: The Nelson Team • The Litchfield Company Real Estate
Mls Name: CCAR
Mls ID: #2525792