479 Grate Ave.Pawleys IslandSC29585
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
Investment property for sale in Pawleys Island at 479 Grate Ave, Pawleys Island, SC, 29585 offers a 15.84% rental yield on a $199,888 purchase with $2,638/mo rent. Total monthly income registers $2,638/mo, and a $978/mo payment leaves $1,431/mo available for distribution. Annual cash flow reaches $17,172/yr on $66,263 to close, and return on cash invested stands at 45.82% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,225 over five years. Portfolio math shows five-year ROI at 241.6% and total cumulative return in cash at $160,089. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,638/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29585, Pawleys Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,166 (100%) |
| Owner Occupied HU | 7,094 (58.3%) |
| Renter Occupied HU | 1,077 ( 8.9%) |
| Vacant Housing Units | 3,995 (32.8%) |
| Median Home Value | $472,632 |
| Average Home Value | $558,954 |
Housing Distribution
Address Breakdown
Residential
9,880
Single Family
8,875
Multi-Family
1,005
Businesses
886
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Deagan • Magnolias Elite Realty
Mls Name: CCAR
Mls Provider:
Mls ID: #2408351
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 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.