28 Back CtIsle 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
Investment property for sale in Isle Of Palms at 28 Back Ct, Isle Of Palms, SC, 29451 uses $261,555 cash to close to unlock $152/yr annual cash flow and $13/mo monthly cash flow. Total monthly income runs $4,745/mo, and a $3,891/mo payment keeps the spread at $13/mo. Purchase price stands at $795,000, and rental yield measures 7.16% with $4,745/mo rent. Return on cash invested shows 20.12% in year one, and 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 103.62% and total cumulative return in cash records $271,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,745/mo property income covering a $3,891/mo payment rather than investor’s personal income.
Townhouse
Built in 1983
1,742 sqft 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 • Wild Dunes Real Estate, LLC
Mls Name: CTMLS
Mls Provider:
Mls ID: #25000732
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Charleston Trident Multiple Listing Service, Inc. All rights reserved. Information is deemed reliable but not guaranteed.