47 Ocean Ln APT 5107Hilton 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
Total monthly income runs $4,163/mo, and a $8,805/mo payment. Purchase price stands at $1,799,000, and rental yield measures 2.78% with $4,163/mo rent. Return on cash invested shows 6.89% in year one, and 5% annual appreciation builds toward $497,031 over five years. Five-year ROI reaches 32.64% and total cumulative return in cash records $190,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,163/mo property income covering a $8,805/mo payment rather than investor’s personal income.
Condo
Built in 1996
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: Sheri Nixon • Keller Williams Realty
Mls Name: REsides, Inc.
Mls ID: #454470