6 Harbor Dr #M115Saint Helena IslandSC29920
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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 Saint Helena Island at 6 Harbor Dr #M115, Saint Helena Island, SC, 29920 priced at $413,000 converts $2,474/mo rent into $16/mo cash flow after a $2,021/mo obligation. Total monthly income equals $2,474/mo, and annual cash flow totals $191/yr on $136,910 invested. Return on cash invested prints 20.05% in year one, and rental yield reads 7.19% against a $413,000 entry. Equity gained on principal adds $2,665/yr, while 5% annual appreciation compiles into $114,104 by year five. Five-year ROI reaches 103.27% and total cumulative return in cash sums $141,389. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,474/mo property income covering a $2,021/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29920, Saint Helena Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,414 (100%) |
| Owner Occupied HU | 4,090 (55.2%) |
| Renter Occupied HU | 504 ( 6.8%) |
| Vacant Housing Units | 2,820 (38.0%) |
| Median Home Value | $372,123 |
| Average Home Value | $477,945 |
Housing Distribution
Address Breakdown
Residential
6,055
Single Family
5,939
Multi-Family
116
Businesses
182
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Listed by: Gregory J. Bennett • Beaufort Realty Consultants
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #182855
Disclaimer: 2024 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. 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.