418 E Ashley AveFolly BeachSC29439
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Folly Beach at 418 E Ashley Ave, Folly Beach, SC, 29439 priced at $1,199,000 pairs $4,256/mo rent with after a $5,869/mo payment. Total monthly income equals $4,256/mo. Return on cash invested is 11.47% in year one, and rental yield stands at 4.26% on a $1,199,000 basis. Equity gained on principal adds $7,737/yr, and 5% annual appreciation accumulates to $331,262 by year five. Five-year ROI measures 57.17% and total cumulative return in cash reaches $222,093. For financing, Ziffy Mortgage’s DSCR program evaluates $4,256/mo property income against a $5,869/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29439, Folly Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,047 (100%) |
| Owner Occupied HU | 711 (34.7%) |
| Renter Occupied HU | 183 ( 8.9%) |
| Vacant Housing Units | 1,153 (56.3%) |
| Median Home Value | $979,610 |
| Average Home Value | $1,086,269 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
78
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Nearby investment properties with comparable prices
Listed by: N/A • Keller Williams Realty Charleston West Ashley
Mls Name: CTMLS
Mls ID: #26002553