897 Fording Island Rd APT 2802BlufftonSC29910
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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 Bluffton at 897 Fording Island Rd APT 2802, Bluffton, SC, 29910 generates $1,573/mo in rent and, after a $1,150/mo payment, leaves $174/mo in cash flow. Total monthly income is $1,573/mo, and annual cash flow is $2,092/yr on $77,903 invested. Return on cash invested sits at 22.59% in year one, and rental yield is 8.03% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 116.97% and total cumulative return in cash sums $91,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,573/mo property income rather than buyer’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29910, Bluffton, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,742 (100%) |
| Owner Occupied HU | 15,303 (67.3%) |
| Renter Occupied HU | 5,110 (22.5%) |
| Vacant Housing Units | 2,329 (10.2%) |
| Median Home Value | $490,010 |
| Average Home Value | $683,012 |
Housing Distribution
Address Breakdown
Residential
22,884
Single Family
19,767
Multi-Family
3,117
Businesses
2,097
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Listed by: COAST PROFESSIONALS II • COAST - Brokered by EXP Realty (901A)
Mls Name: REsides, Inc.
Mls ID: #503830