311 Parkview Dr.Pawleys IslandSC29585
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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 Pawleys Island at 311 Parkview Dr, Pawleys Island, SC, 29585 priced at $619,000 converts $3,761/mo rent into $76/mo cash flow after a $3,030/mo obligation. Total monthly income equals $3,761/mo, and annual cash flow totals $911/yr on $203,651 invested. Return on cash invested prints 20.51% in year one, and rental yield reads 7.29% against a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation compiles into $171,018 by year five. Five-year ROI reaches 105.7% and total cumulative return in cash sums $215,269. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,761/mo property income covering a $3,030/mo payment, not borrower’s personal income.
Single Family
Built in 1990
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29585, Pawleys Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,166 (100%) |
| Owner Occupied HU | 7,094 (58.3%) |
| Renter Occupied HU | 1,077 ( 8.9%) |
| Vacant Housing Units | 3,995 (32.8%) |
| Median Home Value | $472,632 |
| Average Home Value | $558,954 |
Housing Distribution
Address Breakdown
Residential
9,880
Single Family
8,875
Multi-Family
1,005
Businesses
886
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Listed by: Neil M Giesler • James W Smith Real Estate Co
Mls Name: CCAR
Mls ID: #2522264