427 Colonial Trace Dr. Unit 1ELongsSC29568
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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
Investment property for sale in Longs at 427 Colonial Trace Dr. Unit 1E, Longs, SC, 29568 listed at $233,500 pairs $2,047/mo rent with a $1,143/mo payment to leave $167/mo cash flow. Total monthly income runs $2,047/mo, and annual cash flow reaches $2,003/yr on $77,405 cash to close. Return on cash invested measures 22.5% in year one, and rental yield registers 10.52% at a $233,500 basis. Equity gained on principal adds $1,507/yr, and annual property appreciation at 5% supports $64,512 by year five. Five-year ROI tracks 119.17% and total cumulative return in cash totals $92,246. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,047/mo property income relative to a $1,143/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
N/A lot
$N/A/sqft
$490 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29568, Longs, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,316 (100%) |
| Owner Occupied HU | 6,775 (72.7%) |
| Renter Occupied HU | 1,301 (14.0%) |
| Vacant Housing Units | 1,240 (13.3%) |
| Median Home Value | $316,590 |
| Average Home Value | $331,933 |
Housing Distribution
Address Breakdown
Residential
9,282
Single Family
8,694
Multi-Family
588
Businesses
321
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Listed by: Ryan Korros Team • RE/MAX Southern Shores
Mls Name: CCAR
Mls Provider:
Mls ID: #2422536
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 of the Coastal Carolinas MLS. All rights reserved. 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, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.