8 Devils Elbow Ln #8Hilton Head IslandSC29926
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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 8 Devils Elbow Ln #8, Hilton Head Island, SC, 29926 offers $3,533/mo rent that, after a $2,153/mo payment, leaves $914/mo cash flow. Total monthly income is $3,533/mo, and annual cash flow is $10,973/yr on $145,827 cash. Return on cash invested measures 27.43% in year one, and rental yield stands at 9.64% at a $439,900 entry. Equity gained on principal adds $2,839/yr while 5% annual appreciation compounds into $121,536 by year five. Five-year ROI records 142.9% and total cumulative return in cash reaches $208,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,533/mo property income versus a $2,153/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29926, Hilton Head Island, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,212 (100%) |
| Owner Occupied HU | 9,335 (70.7%) |
| Renter Occupied HU | 2,189 (16.6%) |
| Vacant Housing Units | 1,688 (12.8%) |
| Median Home Value | $650,107 |
| Average Home Value | $737,702 |
Housing Distribution
Address Breakdown
Residential
13,086
Single Family
11,197
Multi-Family
1,889
Businesses
887
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Listed by: Melissa Redd • Lowcountry Realty Group, LLC (935)
Mls Name: REsides, Inc.
Mls ID: #500932