21 Wax Myrtle CtHilton HeadSC29926
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 at 21 Wax Myrtle Ct, Hilton Head, SC, 29926 priced at $699,000 converts $3,770/mo rent into after a $3,421/mo obligation. Total monthly income equals $3,770/mo. Return on cash invested prints 18.02% in year one, and rental yield reads 6.47% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 92.39% and total cumulative return in cash sums $212,462. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,770/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Single Family
Built in 2000
5,505 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Randal Longo • I Save Realty
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #444526
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. 2024 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc.