153 Watson WayPawleys IslandSC29585
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 Pawleys Island at 153 Watson Way, Pawleys Island, SC, 29585 priced at $650,000 converts $3,724/mo rent into after a $3,181/mo obligation. Total monthly income equals $3,724/mo. Return on cash invested prints 19.25% in year one, and rental yield reads 6.88% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 98.96% and total cumulative return in cash sums $211,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,724/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.47 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dominic Siciliano • Keller Williams The Forturro G
Mls Name: CCAR
Mls ID: #2600578