9002 Palmetto Dr APT 512Isle 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
Rental property for sale in Isle Of Palms at 9002 Palmetto Dr APT 512, Isle Of Palms, SC, 29451 generates $5,945/mo in rent, after a $7,831/mo payment. Total monthly income is $5,945/mo. Return on cash invested sits at 12.08% in year one, and rental yield is 4.46% on a $1,600,000 entry. Equity gained on principal adds $10,325/yr, while 5% annual appreciation builds toward $442,051 over five years. Five-year ROI reaches 60.46% and total cumulative return in cash sums $313,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,945/mo property income rather than buyer’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 • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #24024631