10 Newport Dr #3302Hilton Head IslandSC29928
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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
Investment property for sale in Hilton Head Island at 10 Newport Dr #3302, Hilton Head Island, SC, 29928 offers a 2.93% rental yield on a $1,325,000 purchase with $3,240/mo rent. 38% in year one. Equity gained on principal adds $8,550/yr while 5% annual appreciation supports $366,073 over five years. Portfolio math shows five-year ROI at 35.24% and total cumulative return in cash at $151,264. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,240/mo property income against a $6,485/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29928, Hilton Head Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,750 (100%) |
| Owner Occupied HU | 7,186 (38.3%) |
| Renter Occupied HU | 1,395 ( 7.4%) |
| Vacant Housing Units | 10,169 (54.2%) |
| Median Home Value | $839,869 |
| Average Home Value | $990,544 |
Housing Distribution
Address Breakdown
Residential
12,551
Single Family
10,427
Multi-Family
2,124
Businesses
896
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Listed by: Howard Davis, Jr. • Charter One Realty (063D)
Mls Name: REsides, Inc.
Mls ID: #502353