40 Folly Field Rd APT B142Hilton HeadSC29928
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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 at 40 Folly Field Rd APT B142, Hilton Head, SC, 29928 offers a 10.03% rental yield on a $274,000 purchase with $2,291/mo rent. Total monthly income registers $2,291/mo, and a $1,341/mo payment leaves $660/mo available for distribution. Annual cash flow reaches $7,920/yr on $90,831 to close, and return on cash invested stands at 28.63% in year one. Equity gained on principal adds $1,768/yr while 5% annual appreciation supports $75,701 over five years. Portfolio math shows five-year ROI at 149.34% and total cumulative return in cash at $135,645. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,291/mo property income against a $1,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
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: Kevin Quat • AIM Real Estate Sales (756)
Mls Name: REsides, Inc.
Mls ID: #451044