34 S Forest Beach Dr APT B2Hilton 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 34 S Forest Beach Dr APT B2, Hilton Head Island, SC, 29928 offers a 10.26% rental yield on a $249,000 purchase with $2,129/mo rent. Total monthly income registers $2,129/mo, and a $1,219/mo payment leaves $646/mo available for distribution. Annual cash flow reaches $7,758/yr on $82,544 to close, and return on cash invested stands at 29.31% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 152.96% and total cumulative return in cash at $126,260. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,129/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Mitchell Burns • Engel & Volkers
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #444400
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. 2025 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc.