23 Old South Ct APT CBlufftonSC29910
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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 Bluffton at 23 Old South Ct APT C, Bluffton, SC, 29910 priced at $199,000 converts $1,913/mo rent into $728/mo cash flow after a $974/mo obligation. Total monthly income equals $1,913/mo, and annual cash flow totals $8,741/yr on $65,969 invested. Return on cash invested prints 33.16% in year one, and rental yield reads 11.54% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 173.62% and total cumulative return in cash sums $114,534. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,913/mo property income covering a $974/mo payment, not borrower’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29910, Bluffton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,742 (100%) |
| Owner Occupied HU | 15,303 (67.3%) |
| Renter Occupied HU | 5,110 (22.5%) |
| Vacant Housing Units | 2,329 (10.2%) |
| Median Home Value | $490,010 |
| Average Home Value | $683,012 |
Housing Distribution
Address Breakdown
Residential
22,884
Single Family
19,767
Multi-Family
3,117
Businesses
2,097
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Listed by: Jo Anne Rizza • Hilton Head Real Estate Partners
Mls Name: Lowcountry Regional MLS
Mls ID: #192984