897 Fording Island Rd APT 911BlufftonSC29910
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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 Bluffton at 897 Fording Island Rd APT 911, Bluffton, SC, 29910 uses $72,930 cash to close to unlock $2,366/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $1,077/mo payment keeps the spread at $197/mo. Purchase price stands at $220,000, and rental yield measures 8.22% with $1,507/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 119.98% and total cumulative return in cash records $87,503. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $1,077/mo payment rather than investor’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: Craig Cleveland • Charter One Realty (063D)
Mls Name: REsides, Inc.
Mls ID: #501578