32 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
Rental property for sale in Isle Of Palms at 32 Back Ct, Isle Of Palms, SC, 29451 priced at $1,050,000 converts $4,222/mo rent into after a $5,139/mo obligation. Total monthly income equals $4,222/mo. Return on cash invested prints 13.22% in year one, and rental yield reads 4.83% against a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation compiles into $290,096 by year five. Five-year ROI reaches 66.53% and total cumulative return in cash sums $226,349. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,222/mo property income covering a $5,139/mo payment, not borrower’s personal income.
Condo
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 • St. Germain Properties LLC
Mls Name: CTMLS
Mls ID: #25030495