113 E Arctic Ave #BFolly 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 113 E Arctic Ave #B, Folly Beach, SC, 29439 projects strong ROI of 4.6%. Rental yield 2.03%. With 5% annual appreciation, the property builds $1,353,780 in value over five years. Equity growth combined delivers a projected five-year ROI of 20.35%, translating into $323,006 in total cumulative return on $1,587,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2009
N/A 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 • Charleston Expert Home Sellers, LLC
Mls Name: CTMLS
Mls ID: #22013630