Owning a home on Folly Beach sounds like a dream but have you ever considered purchasing a home at the beach that your family and friends can use for vacation but delivers cash flow on your investment too? With a steady rise in tourism, new restaurants opening each year in Charleston, and new development on neighboring James Island, it’s not hard to see why Folly Beach is a quickly growing island town. Now is the perfect time to purchase and invest in a home on the beach, especially one that is move-in ready and can deliver returns on day one.
With a location just 2 blocks from the beach, 420 E Cooper Avenue is the ideal home to consider as an investment opportunity on Folly Beach. Complete with 5 bedrooms/4 baths, generous combined living and kitchen spaces, lush, and private outdoor area with al fresco dining, this turn-key home has everything rental guests desire. Vacationers can enjoy a close proximity to the beach and to nearby Center Street where locals enjoy dining at Jack of Cups, Taco Boy, or Chico Feo.
While you will have a beautiful and eco-friendly vacation home to enjoy for yourself, the appeal of the home at 420 E. Cooper is the steps that were taken during construction that make for lower-than-average carrying costs, including its location on high ground that means it qualifies for minimal flood insurance. High utility costs and hurricane threats would be a deterrent to any savvy investor but you can rest assured that this home was built to meet/exceed all coastal building codes with construction details designed to minimize damage in a hurricane including 140 mph wind resistant hurricane roof, and Anderson 400 hurricane windows and doors throughout the home.
The Folly Beach vacation rental market is becoming one to deliver consistent income for property owners as it grows in popularity as a vacation rental destination. With the insight we have gained from our own management of a portfolio of luxury rentals on Folly Beach, we understand the importance of exceptional construction, lower carrying costs, ability to withstand the occasional coastal storm. With its central Folly Beach location, this incredible home offers maximum rental appeal for vacationers looking for both a fun-filled beach vacation and a luxurious and comfortable place to relax. Coupled with the revenue projections data compiled by the asset and revenue management team from Luxury Simplified Retreats, it’s clear that on Folly Beach, the average projected revenue for a 5 bedroom home that can comfortably sleep 12, located just 2 blocks from beach can deliver significant returns.
NOTE: There are plenty of great reasons to own a vacation home on this fun-filled island getaway. From surfing at the Washout to fishing, crabbing and kayaking on the Folly River and relaxing with family & friends, all just 25 minutes from the heart of historic downtown Charleston, SC. Whether you are looking for a place to call your forever home, enjoy a vacation home at the beach, or have a 5 BR/4 BA investment property that generates cash flow, 420 E. Cooper Avenue has it all! Browse the online e-book and see all that this home has to offer.