242 Old House LnDewees IslandSC29451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Dewees Island at 242 Old House Ln, Dewees Island, SC, 29451 listed at $1,200,000 pairs $4,610/mo rent with a $5,873/mo payment. Total monthly income runs $4,610/mo. Return on cash invested measures 12.55% in year one, and rental yield registers 4.61% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 62.97% and total cumulative return in cash totals $244,811. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,610/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
2.02 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Dunes Properties of Chas Inc
Mls Name: CTMLS
Mls ID: #25024217