1008 Mariners Cay DrFolly BeachSC29439
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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 Folly Beach at 1008 Mariners Cay Dr, Folly Beach, SC, 29439 with 5% annual appreciation on a $1,179,600 basis while $4,217/mo rent supports operations. 56% in year one. Equity gained on principal adds $7,612/yr, and five-year appreciation sums $325,902 alongside rental yield of 4.29%. Five-year ROI measures 57.66% and total cumulative return in cash totals $220,383. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,217/mo property income versus a $5,774/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29439, Folly Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,047 (100%) |
| Owner Occupied HU | 711 (34.7%) |
| Renter Occupied HU | 183 ( 8.9%) |
| Vacant Housing Units | 1,153 (56.3%) |
| Median Home Value | $979,610 |
| Average Home Value | $1,086,269 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
78
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #24028296