302 Palmetto Dr #AIsle 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
Rental property for sale in Isle Of Palms at 302 Palmetto Dr #A, Isle Of Palms, SC, 29451 generates $3,562/mo in rent, after a $3,891/mo payment. Total monthly income is $3,562/mo. Return on cash invested sits at 14.25% in year one, and rental yield is 5.38% on a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 72.31% and total cumulative return in cash sums $189,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,562/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A 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: #25007861
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.