608 E Ashley AveFolly BeachSC29439
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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 Folly Beach at 608 E Ashley Ave, Folly Beach, SC, 29439 at $1,264,000 posts ROI 15.79% with from $5,963/mo rent. Total monthly income equals $5,963/mo. Return on cash invested measures 15.79% and rental yield reads 5.66% at the current $1,264,000. Equity gained on principal adds $8,156/yr, and 5% annual appreciation supports $349,220 by year five. Five-year ROI prints 80.37% and total cumulative return in cash totals $329,129. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,963/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1932
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29439, Folly Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,047 (100%) |
| Owner Occupied HU | 711 (34.7%) |
| Renter Occupied HU | 183 ( 8.9%) |
| Vacant Housing Units | 1,153 (56.3%) |
| Median Home Value | $979,610 |
| Average Home Value | $1,086,269 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
78
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Nearby investment properties with comparable prices
Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #26002269