3 Flamingo StHilton HeadSC29928
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 3 Flamingo St, Hilton Head, SC, 29928 generates $6,152/mo in rent, after a $6,064/mo payment. Total monthly income is $6,152/mo. Return on cash invested sits at 16.71% in year one, and rental yield is 5.96% on a $1,239,000 entry. Equity gained on principal adds $7,995/yr, while 5% annual appreciation builds toward $342,313 over five years. Five-year ROI reaches 85.29% and total cumulative return in cash sums $342,376. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,152/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Walsh • EXP Realty LLC (938)
Mls Name: REsides, Inc.
Mls ID: #454393