43 Folly Field Rd APT 30Hilton 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 43 Folly Field Rd APT 30, Hilton Head Island, SC, 29928 generates $3,000/mo in rent and, after a $2,447/mo payment, leaves $24/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $287/yr on $165,717 invested. Return on cash invested sits at 20.08% in year one, and rental yield is 7.2% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 103.46% and total cumulative return in cash sums $171,444. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Condo
Built in 1976
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: The Wedgeworth Team • Charter One Realty (063)
Mls Name: REsides, Inc.
Mls ID: #503437