806 Algonquin Dr. #BPawleys 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
Rental property for sale in Pawleys Island at 806 Algonquin Dr. #B, Pawleys Island, SC, 29585 offers $2,159/mo rent that, after a $1,282/mo payment, leaves $600/mo cash flow. Total monthly income is $2,159/mo, and annual cash flow is $7,197/yr on $86,853 cash. Return on cash invested measures 28.19% in year one, and rental yield stands at 9.89% at a $262,000 entry. Equity gained on principal adds $1,691/yr while 5% annual appreciation compounds into $72,386 by year five. Five-year ROI records 146.99% and total cumulative return in cash reaches $127,665. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,159/mo property income versus a $1,282/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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: Jaime Eichelberg • RE/MAX Executive
Mls Name: CCAR
Mls ID: #2517998