6 Cresting Wave LnDaufuskie IslandSC29915
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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 Daufuskie Island at 6 Cresting Wave Ln, Daufuskie Island, SC, 29915 offers $4,871/mo rent that, after a $1,835/mo payment, leaves $2,639/mo cash flow. Total monthly income is $4,871/mo, and annual cash flow is $31,670/yr on $124,313 cash. Return on cash invested measures 45.38% in year one, and rental yield stands at 15.59% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 239.18% and total cumulative return in cash reaches $297,327. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,871/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29915, Daufuskie Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 506 (100%) |
| Owner Occupied HU | 254 (50.2%) |
| Renter Occupied HU | 12 ( 2.4%) |
| Vacant Housing Units | 240 (47.4%) |
| Median Home Value | $795,455 |
| Average Home Value | $902,421 |
Housing Distribution
Address Breakdown
Residential
444
Single Family
444
Multi-Family
0
Businesses
4
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Listed by: Laura Leigh Miles • Premier Properties by Haig Point
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #447564
Disclaimer: We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an as is as available basis only and may not reflect all real estate activity in the market. 2024 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc.