10 Devils Elbow Ln #10Hilton Head IslandSC29926
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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 Hilton Head Island at 10 Devils Elbow Ln #10, Hilton Head Island, SC, 29926 priced at $419,000 converts $3,122/mo rent into $628/mo cash flow after a $2,051/mo obligation. Total monthly income equals $3,122/mo, and annual cash flow totals $7,531/yr on $138,899 invested. Return on cash invested prints 25.33% in year one, and rental yield reads 8.94% against a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation compiles into $115,762 by year five. Five-year ROI reaches 131.61% and total cumulative return in cash sums $182,801. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,122/mo property income covering a $2,051/mo payment, not borrower’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29926, Hilton Head Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,212 (100%) |
| Owner Occupied HU | 9,335 (70.7%) |
| Renter Occupied HU | 2,189 (16.6%) |
| Vacant Housing Units | 1,688 (12.8%) |
| Median Home Value | $650,107 |
| Average Home Value | $737,702 |
Housing Distribution
Address Breakdown
Residential
13,086
Single Family
11,197
Multi-Family
1,889
Businesses
887
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Listed by: Melissa Redd • Lowcountry Realty Group, LLC
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #450169
Disclaimer: We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an as is as available basis only and may not reflect all real estate activity in the market. 2025 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc.