205 Pelican Flight Dr LOT 9Isle 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
Rental property for sale in Isle Of Palms at 205 Pelican Flight Dr LOT 9, Isle Of Palms, SC, 29451 priced at $200,000 converts $4,000/mo rent into $2,809/mo cash flow after a $979/mo obligation. Total monthly income equals $4,000/mo, and annual cash flow totals $33,712/yr on $66,300 invested. Return on cash invested prints 70.76% in year one, and rental yield reads 24% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 375.25% and total cumulative return in cash sums $248,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,000/mo property income covering a $979/mo payment, not borrower’s personal income.
Lot
Built in N/A
1.47 Acres 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 • Dunes Properties of Chas Inc
Mls Name: CTMLS
Mls Provider:
Mls ID: #24006690
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