4 Coventry LnHilton 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
Rental property for sale in Hilton Head Island at 4 Coventry Ln, Hilton Head Island, SC, 29928 priced at $1,679,000 converts $4,200/mo rent into after a $8,218/mo obligation. Total monthly income equals $4,200/mo. Return on cash invested prints 6.77% in year one, and rental yield reads 3% against a $1,679,000 entry. Equity gained on principal adds $10,834/yr, while 5% annual appreciation compiles into $463,877 by year five. Five-year ROI reaches 32.24% and total cumulative return in cash sums $175,394. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,200/mo property income covering a $8,218/mo payment, not borrower’s personal income.
Single Family
Built in 2002
8,799 sqft 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: Stephen Timperman • Charter One Realty
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #449923
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.