70 Paddle Boat Ln APT 303DHilton Head IslandSC29928
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Island at 70 Paddle Boat Ln APT 303D, Hilton Head Island, SC, 29928 uses $127,628 cash to close to unlock $5,311/yr annual cash flow and $443/mo monthly cash flow. Total monthly income runs $2,734/mo, and a $1,884/mo payment keeps the spread at $443/mo. Purchase price stands at $385,000, and rental yield measures 8.52% with $2,734/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 124.85% and total cumulative return in cash records $159,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,734/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 1982
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Prudhomme Team • William Raveis - Carolina LLC (332)
Mls Name: REsides, Inc.
Mls ID: #502473