904 E Arctic AveFolly BeachSC29439
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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 Folly Beach at 904 E Arctic Ave, Folly Beach, SC, 29439 generates $4,994/mo in rent, after a $7,464/mo payment. Total monthly income is $4,994/mo. Return on cash invested sits at 10.45% in year one, and rental yield is 3.93% on a $1,525,000 entry. Equity gained on principal adds $9,841/yr, while 5% annual appreciation builds toward $421,329 over five years. Five-year ROI reaches 51.72% and total cumulative return in cash sums $255,540. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,994/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29439, Folly Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,047 (100%) |
| Owner Occupied HU | 711 (34.7%) |
| Renter Occupied HU | 183 ( 8.9%) |
| Vacant Housing Units | 1,153 (56.3%) |
| Median Home Value | $979,610 |
| Average Home Value | $1,086,269 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
78
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Listed by: N/A • Carolina One Real Estate
Mls Name: CTMLS
Mls ID: #25029848