788 Marlin DrFripp 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 Fripp Island at 788 Marlin Dr, Fripp Island, SC, 29920 priced at $1,380,000 pairs $4,100/mo rent with after a $6,754/mo payment. Total monthly income equals $4,100/mo. Return on cash invested is 9.33% in year one, and rental yield stands at 3.57% on a $1,380,000 basis. Equity gained on principal adds $8,905/yr, and 5% annual appreciation accumulates to $381,269 by year five. Five-year ROI measures 45.69% and total cumulative return in cash reaches $204,268. For financing, Ziffy Mortgage’s DSCR program evaluates $4,100/mo property income against a $6,754/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.33 Acres 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: Angela M Northrop • Agent Group Realty
Mls Name: Lowcountry Regional MLS
Mls ID: #193694