Not only does this property meet the 0.7% rule, it absolutely crushes it. For a property at this price point, you're usually looking for a monthly rent of at least $910 to hit that 0.7% mark. Based on our analysis, you're looking at nearly double that.
| | Monthly Rent | Rent-to-Price Ratio |
| :--- | :--- | :--- |
| 0.7% Target | $910 | 0.70% |
| Low Rent Estimate | $1,725 | 1.33% |
| High Rent Estimate | $2,050 | 1.58% |
With a recent sale price of $130,000 and rent potential topping out at $2,050, your yield is actually closer to the '1.5% rule.' This is a massive win for your pocket, especially since the property is significantly larger than local comps at 2,365 sqft.
Just keep an eye on the hidden costs. The property has high flood and wind risk due to its location on the Ribault River tidal creek. While your taxes are incredibly low at ~$704/year, you'll need to shop around for solid insurance to protect that cash flow.
Purchase Price: $130,000
Monthly Potential: $1,725 - $2,050
Yield Status: Strong Pass