372 Pike DrFripp IslandSC29920
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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 Fripp Island at 372 Pike Dr, Fripp Island, SC, 29920 offers $2,790/mo rent that, after a $1,150/mo payment, leaves $1,211/mo cash flow. Total monthly income is $2,790/mo, and annual cash flow is $14,535/yr on $77,869 cash. Return on cash invested measures 38.57% in year one, and rental yield stands at 14.25% at a $234,900 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,899 by year five. Five-year ROI records 203.69% and total cumulative return in cash reaches $158,613. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,790/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
0.33 Acres lot
$N/A/sqft
$1,258 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29920, Saint Helena Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,414 (100%) |
| Owner Occupied HU | 4,090 (55.2%) |
| Renter Occupied HU | 504 ( 6.8%) |
| Vacant Housing Units | 2,820 (38.0%) |
| Median Home Value | $372,123 |
| Average Home Value | $477,945 |
Housing Distribution
Address Breakdown
Residential
6,055
Single Family
5,939
Multi-Family
116
Businesses
182
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Listed by: Angela Steward • Fripp Island Real Estate Co
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #186876
Disclaimer: 2024 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.