118 Palisade Loop #118Pawleys 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 118 Palisade Loop #118, Pawleys Island, SC, 29585 earns $505/mo cash flow from $2,082/mo rent with a $1,297/mo payment. Total monthly income totals $2,082/mo, and annual cash flow totals $6,055/yr on $87,848 capital. ROI tracks 26.8% on current figures, and rental yield reads 9.43% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 139.5% and total cumulative return in cash sums $122,547. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,082/mo property income instead of your personal income.
Townhouse
Built in 2004
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: Troi Kaz Coastal Group • Keller Williams Pawleys Island
Mls Name: CCAR
Mls ID: #2520627