242 Little Oak Island 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
Investment property for sale in Folly Beach at 242 Little Oak Island Dr, Folly Beach, SC, 29439 listed at $638,500 pairs $5,251/mo rent with a $3,125/mo payment to leave $1,450/mo cash flow. Total monthly income runs $5,251/mo, and annual cash flow reaches $17,403/yr on $210,067 cash to close. Return on cash invested measures 28.34% in year one, and rental yield registers 9.87% at a $638,500 basis. Equity gained on principal adds $4,120/yr, and annual property appreciation at 5% supports $176,406 by year five. Five-year ROI tracks 147.75% and total cumulative return in cash totals $310,371. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,251/mo property income relative to a $3,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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 ID: #26000526