Two-Bedroom Rental
36 Deallyon Ave #116, Hilton Head Island, SC 29928
For Sale
New
$460,000
Two levels provide separation between shared living areas and the upstairs bedrooms.
Property Size1,250 SF
Price / SF$368
Days on Market2
Property Features for 36 Deallyon Ave #116
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
community pool
in-unit washer and dryer
Building Details
Year Built
Listing Agency:
Schembra Real Estate Group
(843) 785-2452
Listed By:
Michael Broadhurst · License SC #4130
(843) 837-7773
Source:
Thebroadhurstgroup
Added: Nov 12
Last Checked: Nov 12 at 2:25PM
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 Schembra Real Estate Group
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Investment Insights
Based on property information with market context.
Springwood #116 is a 1,250-square-foot villa built in 1982, with two bedrooms arranged across two levels. The interior includes stainless steel kitchen appliances, a full-size washer and dryer, a main-floor half bath, and a porch. HVAC and the water heater have both been updated, and the residence has been used for vacation rentals as well as personal stays.
The property is in South Forest Beach on Hilton Head Island, with a community pool and the beach nearby. Coligny Plaza, Lowcountry Celebration Park, and other entertainment options are also in the surrounding area.
The property is in South Forest Beach on Hilton Head Island, with a community pool and the beach nearby. Coligny Plaza, Lowcountry Celebration Park, and other entertainment options are also in the surrounding area.
Key Highlights
- Two‑bedroom, two‑level villa with 1,250 square feet
- Used for vacation rentals and personal stays
- Stainless steel kitchen appliances and full‑size in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,324
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,480
$266.5K
Cap Rate 7%
$190,343
$190.3K
Cap Rate 9%
$148,044
$148.0K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$25.5K $20.40/SF
− Vacancy
−$1.3K −$1.02/SF
EGI
$24.2K $19.38/SF
− OpEx
−$10.9K −$8.72/SF
NOI
$13.3K $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 Rate 5%
$266,480
Cap Rate 7%
$190,343
Cap Rate 9%
$148,044
Alternative Uses
Best Use
Apartment 5plus
$190.3K
$166.6K – $222.1K
NOI $13,324 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.1K
$330.0K – $440.0K
NOI $26,400 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
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Business Placement
Demographics for 29928, SC
15,538
Population
19,204
Households
0.8
Avg Household Size
63
Median Age
63%
College-Educated
98%
High-School Grad
20.7 sq mi
ZIP Area
751
Density / Sq Mi
$97,979
Median Household Income
$46,798
Median Earnings
$1,806
Median Rent
$776,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Two levels provide separation between shared living areas and the upstairs bedrooms.
Where is this short term rental property located?
The property is located at 36 Deallyon Ave #116 Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑bedroom, two‑level villa with 1,250 square feet; Used for vacation rentals and personal stays; Stainless steel kitchen appliances and full‑size in‑unit washer and dryer
