3 Forest Beach Dr UNIT 301Hilton 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 3 Forest Beach Dr UNIT 301, Hilton Head Island, SC, 29928 uses $296,067 cash to close to unlock $3,253/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $5,678/mo, and a $4,405/mo payment keeps the spread at $271/mo. Purchase price stands at $899,900, and rental yield measures 7.57% with $5,678/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $248,626 over five years. Five-year ROI reaches 109.28% and total cumulative return in cash records $323,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,678/mo property income covering a $4,405/mo payment rather than investor’s personal income.
Condo
Built in 2001
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: Randal Longo • I Save Realty
Mls Name: Lowcountry Regional MLS
Mls Provider:
Mls ID: #187328
Disclaimer: 2024 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.