85 Folly Field Rd APT 116Hilton 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 85 Folly Field Rd APT 116, Hilton Head Island, SC, 29928 offers a 7.09% rental yield on a $447,000 purchase with $2,640/mo rent. 74% in year one. Equity gained on principal adds $2,884/yr while 5% annual appreciation supports $123,498 over five years. Portfolio math shows five-year ROI at 101.6% and total cumulative return in cash at $150,552. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $2,188/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
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: Team Indy • Howard Hanna Allen Tate Hilton Head (543)
Mls Name: REsides, Inc.
Mls ID: #453437