3070 Grinnell StJohns IslandSC29455
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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 Johns Island at 3070 Grinnell St, Johns Island, SC, 29455 listed at $650,000 pairs $5,046/mo rent with a $3,181/mo payment to leave $1,177/mo cash flow. Total monthly income runs $5,046/mo, and annual cash flow reaches $14,125/yr on $213,850 cash to close. Return on cash invested measures 26.67% in year one, and rental yield registers 9.32% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 138.74% and total cumulative return in cash totals $296,702. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,046/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29455, Johns Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,672 (100%) |
| Owner Occupied HU | 11,667 (59.3%) |
| Renter Occupied HU | 2,685 (13.6%) |
| Vacant Housing Units | 5,320 (27.0%) |
| Median Home Value | $618,048 |
| Average Home Value | $823,749 |
Housing Distribution
Address Breakdown
Residential
18,312
Single Family
17,492
Multi-Family
820
Businesses
663
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #26000570