9002 Palmetto Dr APT 420Isle Of PalmsSC29451
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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
Total monthly income runs $5,723/mo, and a $7,807/mo payment. Purchase price stands at $1,595,000, and rental yield measures 4.31% with $5,723/mo rent. Return on cash invested shows 11.61% in year one, and 5% annual appreciation builds toward $440,669 over five years. Five-year ROI reaches 57.92% and total cumulative return in cash records $299,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,723/mo property income covering a $7,807/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29451, Isle Of Palms, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,716 (100%) |
| Owner Occupied HU | 1,896 (40.2%) |
| Renter Occupied HU | 161 ( 3.4%) |
| Vacant Housing Units | 2,659 (56.4%) |
| Median Home Value | $1,214,612 |
| Average Home Value | $1,338,743 |
Housing Distribution
Address Breakdown
Residential
3,060
Single Family
2,881
Multi-Family
179
Businesses
251
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Listed by: N/A • Beach Residential
Mls Name: CTMLS
Mls ID: #25015402