107 2nd StFolly BeachSC29439
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 Folly Beach at 107 2nd St, Folly Beach, SC, 29439 generates $5,963/mo in rent and, after a $4,797/mo payment, leaves $129/mo in cash flow. Total monthly income is $5,963/mo, and annual cash flow is $1,546/yr on $322,420 invested. Return on cash invested sits at 20.54% in year one, and rental yield is 7.3% on a $980,000 entry. Equity gained on principal adds $6,324/yr, while 5% annual appreciation builds toward $270,756 over five years. Five-year ROI reaches 105.88% and total cumulative return in cash sums $341,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,963/mo property income rather than buyer’s personal income.
Townhouse
Built in 2005
1,306 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Re/Max Southern Shores
Mls Name: CTMLS
Mls ID: #25025463