6 Gannet StHilton 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 6 Gannet St, Hilton Head Island, SC, 29928 offers $9,420/mo rent that, after a $7,513/mo payment, leaves $282/mo cash flow. Total monthly income is $9,420/mo, and annual cash flow is $3,390/yr on $497,340 cash. Return on cash invested measures 21.05% in year one, and rental yield stands at 7.36% at a $1,535,000 entry. Equity gained on principal adds $9,905/yr while 5% annual appreciation compounds into $424,092 by year five. Five-year ROI records 108.56% and total cumulative return in cash reaches $539,888. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $9,420/mo property income versus a $7,513/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1984
7,200 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: The Native Islander Group • Real Life Brokered By EXP Realty LLC
Mls Name: REsides, Inc.
Mls ID: #454413