70 Paddle Boat Ln APT 406DHilton 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
Investment property for sale in Hilton Head Island at 70 Paddle Boat Ln APT 406D, Hilton Head Island, SC, 29928 earns $265/mo cash flow from $1,991/mo rent with a $1,419/mo payment. Total monthly income totals $1,991/mo, and annual cash flow totals $3,181/yr on $96,135 capital. ROI tracks 23.22% on current figures, and rental yield reads 8.24% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 120.32% and total cumulative return in cash sums $115,672. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,991/mo property income instead of your 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
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Listed by: The Prudhomme Team • William Raveis - Carolina LLC (332)
Mls Name: REsides, Inc.
Mls ID: #503183