191 Grackle Ln.Pawleys 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
Rental property for sale in Pawleys Island at 191 Grackle Ln, Pawleys Island, SC, 29585 priced at $1,950,000 converts $6,290/mo rent into after a $9,544/mo obligation. Total monthly income equals $6,290/mo. Return on cash invested prints 10.27% in year one, and rental yield reads 3.87% against a $1,950,000 entry. Equity gained on principal adds $12,583/yr, while 5% annual appreciation compiles into $538,749 by year five. Five-year ROI reaches 50.74% and total cumulative return in cash sums $320,561. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,290/mo property income covering a $9,544/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.76 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
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Listed by: Vicki Roller • The Litchfield Company Real Estate
Mls Name: CCAR
Mls ID: #2514175