2962 Anchor Watch DrWadmalaw IslandSC29487
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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 Wadmalaw Island at 2962 Anchor Watch Dr, Wadmalaw Island, SC, 29487 listed at $1,885,000 pairs $6,063/mo rent with a $9,226/mo payment. Total monthly income runs $6,063/mo. Return on cash invested measures 10.24% in year one, and rental yield registers 3.86% at a $1,885,000 basis. Equity gained on principal adds $12,164/yr, and annual property appreciation at 5% supports $520,791 by year five. Five-year ROI tracks 50.55% and total cumulative return in cash totals $308,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,063/mo property income relative to a $9,226/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29487, Wadmalaw Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,468 (100%) |
| Owner Occupied HU | 1,118 (76.2%) |
| Renter Occupied HU | 143 ( 9.7%) |
| Vacant Housing Units | 207 (14.1%) |
| Median Home Value | $595,199 |
| Average Home Value | $735,606 |
Housing Distribution
Address Breakdown
Residential
1,314
Single Family
1,314
Multi-Family
0
Businesses
59
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Listed by: N/A • Coastal Connections Real Estate
Mls Name: CTMLS
Mls ID: #26000069