712 Algonquin Dr. #APawleys 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 712 Algonquin Dr. #A, Pawleys Island, SC, 29585 uses $77,869 cash to close to unlock $8,297/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $2,090/mo, and a $1,150/mo payment keeps the spread at $691/mo. Purchase price stands at $234,900, and rental yield measures 10.68% with $2,090/mo rent. Return on cash invested shows 30.56% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 159.69% and total cumulative return in cash records $124,353. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,090/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 2006
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: Carolyn M Robertson • Century 21 Palms Realty
Mls Name: CCAR
Mls ID: #2428472