1302 E Ashley AveFolly 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
Investment property for sale in Folly Beach at 1302 E Ashley Ave, Folly Beach, SC, 29439 offers a 5.96% rental yield on a $1,099,100 purchase with $5,462/mo rent. 73% in year one. Equity gained on principal adds $7,092/yr while 5% annual appreciation supports $303,661 over five years. Portfolio math shows five-year ROI at 85.36% and total cumulative return in cash at $303,973. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,462/mo property income against a $5,380/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
10,454 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 • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #24019706