601 Retreat Beach Circle #423Pawleys IslandSC29585
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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 Pawleys Island at 601 Retreat Beach Circle #423, Pawleys Island, SC, 29585 offers a 4.3% rental yield on a $407,000 purchase with $1,457/mo rent. 32% in year one. Equity gained on principal adds $2,626/yr while 5% annual appreciation supports $112,447 over five years. Portfolio math shows five-year ROI at 56.49% and total cumulative return in cash at $76,218. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,457/mo property income against a $1,992/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1996
N/A 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
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Listed by: William ''Bill'' Moody • The Litchfield Company Real Estate
Mls Name: CCAR
Mls ID: #2524743