588 Oyster Rake DrJohns IslandSC29455
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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 Johns Island at 588 Oyster Rake Dr, Johns Island, SC, 29455 listed at $1,575,000 pairs $2,896/mo rent with a $7,709/mo payment. Total monthly income runs $2,896/mo. Return on cash invested measures 5.13% in year one, and rental yield registers 2.21% at a $1,575,000 basis. Equity gained on principal adds $10,163/yr, and annual property appreciation at 5% supports $435,143 by year five. Five-year ROI tracks 23.19% and total cumulative return in cash totals $118,334. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,896/mo property income relative to a $7,709/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29455, Johns Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,672 (100%) |
| Owner Occupied HU | 11,667 (59.3%) |
| Renter Occupied HU | 2,685 (13.6%) |
| Vacant Housing Units | 5,320 (27.0%) |
| Median Home Value | $618,048 |
| Average Home Value | $823,749 |
Housing Distribution
Address Breakdown
Residential
18,312
Single Family
17,492
Multi-Family
820
Businesses
663
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25019544