21 Lagoon Rd APT A2AHilton 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 21 Lagoon Rd APT A2A, Hilton Head Island, SC, 29928 priced at $399,000 converts $2,726/mo rent into $351/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,726/mo, and annual cash flow totals $4,209/yr on $132,269 invested. Return on cash invested prints 23.09% in year one, and rental yield reads 8.2% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 119.59% and total cumulative return in cash sums $158,174. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,726/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Condo
Built in 1975
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: Mark Lynch • Dunes Real Estate (065)
Mls Name: REsides, Inc.
Mls ID: #503582