Updated Residential Income
For Sale
$359,000
50 Yacht Cove Dr #324, Hilton Head Island, SC 29928
Third-floor villa with private deck, wooded outlook, and community pool access.
Property Size1,117 SF
Price / SF$321.40
Days on Market50
Property Features for 50 Yacht Cove Dr #324
General Information
Standard status
Active
Size
1,117 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Amenities
community pool
assigned parking
Building Details
Year Built
1987
Year Renovated
2014
Listing Agency:
RE/MAX Island Realty
(843) 785-5252
Listed By:
Michael Broadhurst · License #4130
(843) 837-7773
Source:
Thebroadhurstgroup
Added: Jul 16
Changed: Sep 2
Last Checked: Sep 2 at 4:44PM
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 RE/MAX Island Realty
Investment Insights
Based on property information with market context.
This third-floor townhouse-style villa contains 1,117 square feet with 2 bedrooms and 2.5 bathrooms. The building was rebuilt in 2014 and originally dates to 1987. Interior improvements include fresh paint, smooth ceilings, luxury vinyl plank flooring on the main level, and Berber carpet on the stairs and upper floor. The kitchen features granite counters, stainless steel appliances, a breakfast bar, and a dining area. A private deck faces wooded surroundings, while the HVAC system is supported by biannual professional service.
The property is within Yacht Cove on Hilton Head Island, near Shelter Cove Harbour & Marina, Palmetto Dunes, shopping, dining, golf, beaches, and entertainment. Community amenities include a pool and assigned parking. Occupancy is limited to primary and second homeowners, and short-term rentals are not permitted.
The property is within Yacht Cove on Hilton Head Island, near Shelter Cove Harbour & Marina, Palmetto Dunes, shopping, dining, golf, beaches, and entertainment. Community amenities include a pool and assigned parking. Occupancy is limited to primary and second homeowners, and short-term rentals are not permitted.
Key Highlights
- 2‑bedroom, 2.5‑bath villa with 1,117 square feet
- Building rebuilt in 2014; original year built 1987
- Private deck overlooking wooded views
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
$11,906
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
3.32%
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%
$238,120
$238.1K
Cap Rate 7%
$170,086
$170.1K
Cap Rate 9%
$132,289
$132.3K
Market Conditions
NOI Build-Up for 1,117 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
$22.8K $20.40/SF
− Vacancy
−$1.1K −$1.02/SF
EGI
$21.6K $19.38/SF
− OpEx
−$9.7K −$8.72/SF
NOI
$11.9K $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%
$238,120
Cap Rate 7%
$170,086
Cap Rate 9%
$132,289
Alternative Uses
Best Use
Apartment 5plus
$170.1K
$148.8K – $198.4K
NOI $11,906 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.0K
$294.9K – $393.2K
NOI $23,591 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor villa with private deck, wooded outlook, and community pool access.
Where is this residential income property located?
The property is located at 50 Yacht Cove Dr #324 Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 2‑bedroom, 2.5‑bath villa with 1,117 square feet; Building rebuilt in 2014; original year built 1987; Private deck overlooking wooded views
