2 Cedar Reef Dr UNIT A205Saint Helena IslandSC29920
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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
Total monthly income runs $2,440/mo, and a $1,914/mo payment. Purchase price stands at $391,000, and rental yield measures 7.49% with $2,440/mo rent. Return on cash invested shows 19.65% in year one, and 5% annual appreciation builds toward $108,026 over five years. Five-year ROI reaches 101.64% and total cumulative return in cash records $131,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,440/mo property income covering a $1,914/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$1,679 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29920, Saint Helena Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,414 (100%) |
| Owner Occupied HU | 4,090 (55.2%) |
| Renter Occupied HU | 504 ( 6.8%) |
| Vacant Housing Units | 2,820 (38.0%) |
| Median Home Value | $372,123 |
| Average Home Value | $477,945 |
Housing Distribution
Address Breakdown
Residential
6,055
Single Family
5,939
Multi-Family
116
Businesses
182
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Listed by: Erich H Dreier • BHHS Bay Street Realty
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #183616
Disclaimer: 2024 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.