Building Details

Year Built 1988

Listing Agency: J & J Real Estate Investments LLC Show Phone

Listed By: Michael Broadhurst · License #4130 Show Phone

Source: Thebroadhurstgroup

Added: Sep 18 Changed: Sep 21 Last Checked: Sep 22 at 5:32PM

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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 J & J Real Estate Investments LLC

Investment Insights

Based on property information with market context.

Built in 1988 and measuring 2,218 square feet, this residential income property was renovated from the studs and configured with three bedrooms, three bathrooms, and a bonus room. The interior includes an open floor plan, updated finishes, and substantial natural light, while the home is offered fully furnished for immediate occupancy. An outdoor patio extends the living area and frames views of the Signature Golf Course and Calibogue Sound.

The property is located within the Haig Point community on Daufuskie Island. Community amenities include golf, tennis, and beaches, providing a coastal residential setting with access to multiple recreational facilities.

Key Highlights

• 2,218‑square‑foot residential income property built in 1988
• Fully renovated from the studs with updated finishes
• Three bedrooms, three bathrooms, and a bonus room

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

$23,642

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

3.43%

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%

$472,840 $472.8K

Cap Rate 7%

$337,743 $337.7K

Cap Rate 9%

$262,689 $262.7K

Market Conditions

NOI Build-Up for 2,218 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

$45.2K $20.40/SF

− Vacancy

−$2.3K −$1.02/SF

EGI

$43.0K $19.38/SF

− OpEx

−$19.3K −$8.72/SF

NOI

$23.6K $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%

$472,840

Cap Rate 7%

$337,743

Cap Rate 9%

$262,689

Alternative Uses

Best Use

Apartment 5plus

$337.7K

$295.5K – $394.0K (±1% cap)

NOI $23,642 @ 7.0% cap · market cap 3.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$669.2K

$585.6K – $780.7K (±1% cap)

NOI $46,844 @ 7.0% cap · market cap 6.79%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Building Supply Real Estate Agency Restaurant Bed & Breakfast Wine and Liquor Store Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 29915, SC

557

Population

763

Households

0.7

Avg Household Size

61

Median Age

84%

College-Educated

99%

High-School Grad

10.8 sq mi

ZIP Area

52

Density / Sq Mi

$153,821

Median Household Income

$83,673

Median Earnings

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Residential income property - Fully furnished three-bedroom residence with an open layout, bonus room, and outdoor patio overlooking golf and coastal views.

Where is this residential income property located?

The property is located at 27 Plantation Homes Dr Daufuskie Island, SC.

What is the asking price?

The asking price for this property is $689,900.

What are key features of this property?

This property features: 2,218‑square‑foot residential income property built in 1988; Fully renovated from the studs with updated finishes; Three bedrooms, three bathrooms, and a bonus room