45 Folly Field Rd #16HHilton 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 45 Folly Field Rd #16H, Hilton Head Island, SC, 29928 priced at $350,000 converts $2,912/mo rent into $829/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,912/mo, and annual cash flow totals $9,943/yr on $116,025 invested. Return on cash invested prints 28.48% in year one, and rental yield reads 9.98% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 148.5% and total cumulative return in cash sums $172,298. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,912/mo property income covering a $1,713/mo payment, not borrower’s personal income.
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: Amy Aurelio & Associates • Keller Williams Realty (322)
Mls Name: REsides, Inc.
Mls ID: #500919