223 S Cordillo Pkwy #9Hilton 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 223 S Cordillo Pkwy #9, Hilton Head Island, SC, 29928 with 5% annual appreciation on a $543,000 basis while $4,080/mo rent supports operations. Total monthly income totals $4,080/mo and a $2,658/mo payment preserves $847/mo for cash returns. Annual cash flow comes to $10,168/yr on $178,647 deployed, and return on cash invested reaches 25.75% in year one. Equity gained on principal adds $3,504/yr, and five-year appreciation sums $150,021 alongside rental yield of 9.02%. Five-year ROI measures 133.85% and total cumulative return in cash totals $239,120.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,080/mo property income versus a $2,658/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1981
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: Sean Ryan • ERA Evergreen Real Estate Company
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #448036
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.