3320 Myrtle StEdisto IslandSC29438
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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 Edisto Island at 3320 Myrtle St, Edisto Island, SC, 29438 priced at $1,189,000 converts $2,364/mo rent into after a $5,820/mo obligation. Total monthly income equals $2,364/mo. Return on cash invested prints 4.76% in year one, and rental yield reads 2.39% against a $1,189,000 entry. Equity gained on principal adds $7,672/yr, while 5% annual appreciation compiles into $328,499 by year five. Five-year ROI reaches 21.54% and total cumulative return in cash sums $82,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,364/mo property income covering a $5,820/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29438, Edisto Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,487 (100%) |
| Owner Occupied HU | 1,357 (38.9%) |
| Renter Occupied HU | 184 ( 5.3%) |
| Vacant Housing Units | 1,946 (55.8%) |
| Median Home Value | $716,277 |
| Average Home Value | $867,732 |
Housing Distribution
Address Breakdown
Residential
1,808
Single Family
1,795
Multi-Family
13
Businesses
159
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Listed by: N/A • Agent Group Realty Charleston
Mls Name: CTMLS
Mls Provider:
Mls ID: #25011335
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