1400 Ocean Blvd #308-BIsle Of PalmsSC29451
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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 Isle Of Palms at 1400 Ocean Blvd #308-B, Isle Of Palms, SC, 29451 offers a 7.37% rental yield on a $665,000 purchase with $4,086/mo rent. Total monthly income registers $4,086/mo, and a $3,255/mo payment leaves $127/mo available for distribution. Annual cash flow reaches $1,527/yr on $218,785 to close, and return on cash invested stands at 20.76% in year one. Equity gained on principal adds $4,291/yr while 5% annual appreciation supports $183,727 over five years. Portfolio math shows five-year ROI at 107.06% and total cumulative return in cash at $234,235. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,086/mo property income against a $3,255/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29451, Isle Of Palms, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,716 (100%) |
| Owner Occupied HU | 1,896 (40.2%) |
| Renter Occupied HU | 161 ( 3.4%) |
| Vacant Housing Units | 2,659 (56.4%) |
| Median Home Value | $1,214,612 |
| Average Home Value | $1,338,743 |
Housing Distribution
Address Breakdown
Residential
3,060
Single Family
2,881
Multi-Family
179
Businesses
251
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Listed by: N/A • Keller Williams Charleston Islands
Mls Name: CTMLS
Mls ID: #25023816