Residential Income Property with Screened
For Sale
$262,000
133 Bella Way, Beaufort, SC 29906
2017 home with wood flooring, granite kitchen surfaces, and a fenced yard overlooking a wooded setting.
Property Size1,307 SF
Price / SF$200.46
Days on Market29
Property Features for 133 Bella Way
General Information
Standard status
Active
Size
1,307 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
front porch
wood floors
fireplace
granite countertops
screened porch
fenced yard
wooded view
manicured grounds
swimming pool
restrooms
playground
Building Details
Year Built
2017
Listing Agency:
Keller Williams Realty
(843) 310-6062
Listed By:
Love Coastal Living Team
(843) 310-6062
Source:
Lovecoastalliving
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 29 at 10:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
Built in 2017, this 1,307-square-foot residential income property offers a first-floor living area with wood flooring, a fireplace, and a kitchen finished with granite countertops. A screened porch extends the living space outdoors and overlooks a fenced yard with wooded views. The home also includes a front porch and a configuration suited to low-maintenance residential ownership.
Community features include maintained grounds, a swimming pool with restrooms, and a playground. The HOA covers roof maintenance. The property is near grocery stores, schools, fitness facilities, and the shopping and dining in historic downtown Beaufort.
Community features include maintained grounds, a swimming pool with restrooms, and a playground. The HOA covers roof maintenance. The property is near grocery stores, schools, fitness facilities, and the shopping and dining in historic downtown Beaufort.
Key Highlights
- 1,307‑square‑foot home built in 2017
- Screened porch overlooking a fenced yard and wooded view
- First‑floor living space with wood flooring and fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,931
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,620
$278.6K
Cap Rate 7%
$199,014
$199.0K
Cap Rate 9%
$154,789
$154.8K
Market Conditions
NOI Build-Up for 1,307 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.7K $20.40/SF
− Vacancy
−$1.3K −$1.02/SF
EGI
$25.3K $19.38/SF
− OpEx
−$11.4K −$8.72/SF
NOI
$13.9K $10.66/SF
Area
Beaufort County, SC
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,620
Cap Rate 7%
$199,014
Cap Rate 9%
$154,789
Alternative Uses
Best Use
Apartment 5plus
$199.0K
$174.1K – $232.2K
NOI $13,931 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.3K
$345.1K – $460.1K
NOI $27,604 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 29906, SC
22,608
Population
11,028
Households
2.1
Avg Household Size
31
Median Age
24%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
502
Density / Sq Mi
$61,350
Median Household Income
$32,253
Median Earnings
$1,377
Median Rent
$236,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 2017 home with wood flooring, granite kitchen surfaces, and a fenced yard overlooking a wooded setting.
Where is this residential income property located?
The property is located at 133 Bella Way Beaufort, SC.
What is the asking price?
The asking price for this property is $262,000.
What are key features of this property?
This property features: 1,307‑square‑foot home built in 2017; Screened porch overlooking a fenced yard and wooded view; First‑floor living space with wood flooring and fireplace
