17 Lake Forest Dr APT 3348Hilton 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
Rental property for sale in Hilton Head Island at 17 Lake Forest Dr APT 3348, Hilton Head Island, SC, 29928 generates $4,481/mo in rent, after a $4,564/mo payment. Total monthly income is $4,481/mo. Return on cash invested sits at 15.88% in year one, and rental yield is 5.77% on a $932,500 entry. Equity gained on principal adds $6,017/yr, while 5% annual appreciation builds toward $257,633 over five years. Five-year ROI reaches 80.87% and total cumulative return in cash sums $248,115. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,481/mo property income rather than buyer’s personal income.
Townhouse
Built in 1982
871.20 sqft 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: Love Coastal Living Team • Real Broker, LLC (840)
Mls Name: REsides, Inc.
Mls ID: #502870