Residential Income Property with Screened
For Sale
$284,900
241 Landing Ln, Bluffton, SC 29909
Low-maintenance villa living combines an open interior, private bedroom arrangement, and access to Sun City’s active-adult amenities.
Property Size1,063 SF
Price / SF$268.02
Days on Market10
Property Features for 241 Landing Ln
General Information
Standard status
Active
Size
1,063 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
clubhouse
golf
restaurant
fitness center
outdoor pool
walking paths
screened porch
Building Details
Year Built
2005
Listing Agency:
William Raveis - Carolina LLC
(843) 837-7773
Listed By:
Michael Broadhurst · License #4130
(843) 837-7773
Source:
Thebroadhurstgroup
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 8:55AM
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 William Raveis - Carolina LLC
Investment Insights
Based on property information with market context.
This 1,063-square-foot residential income property was built in 2005 and configured as a two-bedroom, two-bath villa. The interior includes an open great room and dining area, LVP flooring, and a kitchen with granite countertops, a pantry, and built-in desk space. A split-bedroom layout separates the primary suite from the guest bedroom. The primary suite includes a walk-in closet, raised vanity, and walk-in shower.
Outdoor living extends to a screened porch with tile flooring and a ceiling fan, positioned toward a wooded preserve. The property also includes a two-car garage equipped with a washer, dryer, and utility sink. It is located at 241 Landing Ln in Bluffton, within Sun City, a 55+ active-adult community. Hidden Cypress Clubhouse, golf, dining, fitness facilities, an outdoor pool, walking paths, and Bluffton shopping and services are identified nearby.
Outdoor living extends to a screened porch with tile flooring and a ceiling fan, positioned toward a wooded preserve. The property also includes a two-car garage equipped with a washer, dryer, and utility sink. It is located at 241 Landing Ln in Bluffton, within Sun City, a 55+ active-adult community. Hidden Cypress Clubhouse, golf, dining, fitness facilities, an outdoor pool, walking paths, and Bluffton shopping and services are identified nearby.
Key Highlights
- Two‑bedroom, two‑bath villa with 1,063 SF of living area
- Built in 2005 within Sun City, a 55+ active‑adult community
- Screened porch includes tile flooring and a ceiling fan
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
$11,331
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
3.98%
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%
$226,620
$226.6K
Cap Rate 7%
$161,871
$161.9K
Cap Rate 9%
$125,900
$125.9K
Market Conditions
NOI Build-Up for 1,063 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
$21.7K $20.40/SF
− Vacancy
−$1.1K −$1.02/SF
EGI
$20.6K $19.38/SF
− OpEx
−$9.3K −$8.72/SF
NOI
$11.3K $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%
$226,620
Cap Rate 7%
$161,871
Cap Rate 9%
$125,900
Alternative Uses
Best Use
Apartment 5plus
$161.9K
$141.6K – $188.9K
NOI $11,331 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.7K
$280.6K – $374.2K
NOI $22,451 @ 7.0% cap · market cap 7.88%
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
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 29909, SC
23,621
Population
12,635
Households
1.9
Avg Household Size
68
Median Age
50%
College-Educated
98%
High-School Grad
55.7 sq mi
ZIP Area
424
Density / Sq Mi
$91,376
Median Household Income
$41,740
Median Earnings
$2,174
Median Rent
$416,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Low-maintenance villa living combines an open interior, private bedroom arrangement, and access to Sun City’s active-adult amenities.
Where is this residential income property located?
The property is located at 241 Landing Ln Bluffton, SC.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath villa with 1,063 SF of living area; Built in 2005 within Sun City, a 55+ active‑adult community; Screened porch includes tile flooring and a ceiling fan
