242 Little Oak DrFolly BeachSC29439
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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 Folly Beach at 242 Little Oak Dr, Folly Beach, SC, 29439 priced at $624,850 converts $3,928/mo rent into $108/mo cash flow after a $3,058/mo obligation. Total monthly income equals $3,928/mo, and annual cash flow totals $1,298/yr on $205,576 invested. Return on cash invested prints 20.69% in year one, and rental yield reads 7.54% against a $624,850 entry. Equity gained on principal adds $4,032/yr, while 5% annual appreciation compiles into $172,635 by year five. Five-year ROI reaches 106.92% and total cumulative return in cash sums $219,794. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,928/mo property income covering a $3,058/mo payment, not borrower’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29439, Folly Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,047 (100%) |
| Owner Occupied HU | 711 (34.7%) |
| Renter Occupied HU | 183 ( 8.9%) |
| Vacant Housing Units | 1,153 (56.3%) |
| Median Home Value | $979,610 |
| Average Home Value | $1,086,269 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
78
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls Provider:
Mls ID: #25007781
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