3521 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 3521 Myrtle St, Edisto Island, SC, 29438 generates $3,932/mo in rent, after a $5,262/mo payment. Total monthly income is $3,932/mo. Return on cash invested sits at 11.87% in year one, and rental yield is 4.39% on a $1,075,000 entry. Equity gained on principal adds $6,937/yr, while 5% annual appreciation builds toward $297,003 over five years. Five-year ROI reaches 59.31% and total cumulative return in cash sums $206,586. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,932/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
10,454 sqft 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 • Edisto Sales & Rentals Realty
Mls Name: CTMLS
Mls ID: #25032997