96 Mathews Dr APT 168Hilton 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
Investment property for sale in Hilton Head Island at 96 Mathews Dr APT 168, Hilton Head Island, SC, 29926 uses $62,985 cash to close to unlock $4,307/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $1,490/mo, and a $930/mo payment keeps the spread at $359/mo. Purchase price stands at $190,000, and rental yield measures 9.41% with $1,490/mo rent. Return on cash invested shows 26.75% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 139.2% and total cumulative return in cash records $87,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,490/mo property income covering a $930/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: 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: Betty Hemphill • Sea Pines Real Estate - The Cottage Group, LLC (506)
Mls Name: REsides, Inc.
Mls ID: #503425