4 N Forest Beach Dr #125 · Hilton Head Island, SC 29928

$435,000

1 bd · 1.0 ba · 518 sqft · Condo public records · 204 Days on market

Built 1979 $840/sqft · 6% below area Est $465k · 6% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +10.4/15.0
• Cash flow +7.3/30.0
• Appreciation +6.6/10.0
• Schools +4.1/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• DSCR +1.5/10.0

Listing remarks MLS

Oceanfrοnt aсcеѕs, inveѕtοr approved! Breakers 125 dеlіvers prime oceanfront enjoyment with first-floor convenience and a direct center-building position overlooking the pool and Atlantic. This clean, fully furnished villa features LVP flooring, smooth ceilings, and strong rental projections-$47K+ as-is, with potential to exceed $55K-$60K with light updates. Located in the heart of Hilton Head's most vibrant area, Coligny Beach, you're steps to the sand (on-site access), a heated pool, on-site security, and walking distance to 70+ shops and 14 restaurants. With an unbeatable location, a proven high-ROI complex, and perfect timing to capture next year's bookings, this is a fantastic STR opportunity you don't want to miss. Secure it before someone else does.

Key facts

• Oceanfront access
• Heated pool
• Community pool

Tags

• OCEANFRONT ACCESS
• HEATED POOL
• WALKING DISTANCE TO SHOPS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $435k.

Deal economics

• At list price, monthly cash flow is $-577 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $430k (1.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $344k (21.0% below list).
• Recommended offer: $344k (21.0% below list) — sets the bar for 1% rule.
• Cap rate 4.7% vs local median 3.0% in Hilton Head Island — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#157 in SC) — a middle-class / working-renter tenant base. Strengths: employment A+, crime A-; Watch: amenities F, commute F, cost of living F.
• Beaufort 01 (town): math 42% / reading 51% proficiency, ranked #17 of 80 in SC (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.2%/yr); 838 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,824 units permitted in Beaufort County in 2024 (618 in 5+ unit buildings).
• This rent runs 42% of the median local income ($98k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $17k of equity ($3k loan paydown + $14k appreciation (3.2% local appreciation)).
• Beaufort County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 204 days — a 12% lower offer ($383k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 23y ago; this cycle's ask has dropped $25k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $170k; list at $435k implies a 156% gain — meaningful room to come down on a strong offer.

Recommended offer $343,657 (21.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 204 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.79% ✗
• Cap rate: 4.70%
• Cash-on-cash: -5.68%
• DSCR: 0.75
• GRM: 10.5

CMA / ARV

• ARV (median comp): $464,752
• List price: $435,000
• Delta: -6.40%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

3.21% appreciation · 3.23% rent growth · sell at horizon

5-year hold

• IRR: 3.0%
• Equity multiple: 1.18×
• Total profit: $21,487
• Equity at exit: $200,695

10-year hold

• IRR: 6.5%
• Equity multiple: 2.01×
• Total profit: $123,600
• Equity at exit: $313,320

Cash invested: $121,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State South Carolina: 90 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 29928

• Home prices YoY: 1.3%
• Rents YoY: 3.2%
• Active inventory: 838
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $3,437 medium
• Mortgage (P&I): −$2,281
• Tax from tax record: −$279 /mo · $3,350/yr
• Insurance: −$181
• HOA est. from 15 same-building comps: −$550
• Vacancy / Maint / Mgmt: −$722
• Net cashflow: $-577

Break-even live

Break-even rent $4,167

Max offer price $333,114

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $108,750
• Closing costs: $13,050
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4 N Forest Beach Dr Unit 1436439P Hilton Head Island, SC	1.0	1.0	516	$4,092	$7.93	43d	1	0.03mi
21 Lagoon Rd Unit 1508866P Hilton Head Island, SC	2.0	2.0	742	$2,687	$3.62	13d	1	0.25mi
23 S Forest Beach Dr Unit 1316238P Hilton Head Island, SC	1.0	1.0	645	$3,185	$4.94	20d	1	0.40mi
10 Lemoyne Ave Hilton Head Island, SC	1.0	1.0	500	$1,700	$3.40	13d	1	0.62mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-18
   days on market $435,000 Active 204 DOM
2. 2026-06-17
   days on market $435,000 Active 203 DOM
3. 2026-06-16
   days on market $435,000 Active 202 DOM
4. 2026-06-15
   days on market $435,000 Active 201 DOM
5. 2026-06-14
   days on market $435,000 Active 199 DOM
6. 2026-06-13
   days on market $435,000 Active 198 DOM
7. 2026-06-10
   days on market $435,000 Active 196 DOM
8. 2026-06-09
   days on market $435,000 Active 195 DOM
9. 2026-06-08
   days on market $435,000 Active 194 DOM
10. 2026-06-07
    days on market $435,000 Active 193 DOM
11. 2026-06-05
    days on market $435,000 Active 190 DOM
12. 2026-06-03
    days on market $435,000 Active 189 DOM
13. 2026-06-02
    days on market $435,000 Active 188 DOM
14. 2026-06-01
    days on market $435,000 Active 187 DOM
15. 2026-05-31
    days on market $435,000 Active 186 DOM
16. 2026-05-05
    price $435,000 782-char remark

    Show marketing remark (782 chars)

    Oceanfrοnt aсcеѕs, inveѕtοr approved! Breakers 125 dеlіvers prime oceanfront enjoyment with first-floor convenience and a direct center-building position overlooking the pool and Atlantic. This clean, fully furnished villa features LVP flooring, smooth ceilings, and strong rental projections-$47K+ as-is, with potential to exceed $55K-$60K with light updates. Located in the heart of Hilton Head's most vibrant area, Coligny Beach, you're steps to the sand (on-site access), a heated pool, on-site security, and walking distance to 70+ shops and 14 restaurants. With an unbeatable location, a proven high-ROI complex, and perfect timing to capture next year's bookings, this is a fantastic STR opportunity you don't want to miss. Secure it before someone else does.

17. 2026-04-19
    price $445,000 782-char remark

    Show marketing remark (782 chars)

    Oceanfrοnt aсcеѕs, inveѕtοr approved! Breakers 125 dеlіvers prime oceanfront enjoyment with first-floor convenience and a direct center-building position overlooking the pool and Atlantic. This clean, fully furnished villa features LVP flooring, smooth ceilings, and strong rental projections-$47K+ as-is, with potential to exceed $55K-$60K with light updates. Located in the heart of Hilton Head's most vibrant area, Coligny Beach, you're steps to the sand (on-site access), a heated pool, on-site security, and walking distance to 70+ shops and 14 restaurants. With an unbeatable location, a proven high-ROI complex, and perfect timing to capture next year's bookings, this is a fantastic STR opportunity you don't want to miss. Secure it before someone else does.

18. 2025-11-26
    listed $459,900 Active 782-char remark

    Show marketing remark (782 chars)

    Oceanfrοnt aсcеѕs, inveѕtοr approved! Breakers 125 dеlіvers prime oceanfront enjoyment with first-floor convenience and a direct center-building position overlooking the pool and Atlantic. This clean, fully furnished villa features LVP flooring, smooth ceilings, and strong rental projections-$47K+ as-is, with potential to exceed $55K-$60K with light updates. Located in the heart of Hilton Head's most vibrant area, Coligny Beach, you're steps to the sand (on-site access), a heated pool, on-site security, and walking distance to 70+ shops and 14 restaurants. With an unbeatable location, a proven high-ROI complex, and perfect timing to capture next year's bookings, this is a fantastic STR opportunity you don't want to miss. Secure it before someone else does.

19. 2009-07-06
    soldstatus $170,000
20. 2009-06-29
    soldstatus $170,000 306-char remark

    Show marketing remark (306 chars)

    Totally New Architecturally Designed Villa in a way unlike any other villa in the complex with a flair for a contemporary beach cottage. Everything new with an awesome oceanfront view. New Kitchen, flooring, fixtures, doors, air-conditioning, furnishings, artwork and even a 32 inch flat screen television.

21. 2008-10-30
    listed $199,900 306-char remark

    Show marketing remark (306 chars)

    Totally New Architecturally Designed Villa in a way unlike any other villa in the complex with a flair for a contemporary beach cottage. Everything new with an awesome oceanfront view. New Kitchen, flooring, fixtures, doors, air-conditioning, furnishings, artwork and even a 32 inch flat screen television.

22. 2005-02-18
    soldstatus $280,000
23. 2005-02-16
    soldstatus $280,000
24. 2004-12-28
    listed $272,500
25. 2003-04-02
    soldstatus $165,900
26. 2003-03-24
    soldstatus $165,900
27. 2003-01-27
    listed $171,900
28. 1988-06-01
    soldstatus $61,650
29. 1985-07-01
    soldstatus $64,000
30. 1981-04-01
    soldstatus $75,000
31. 1979-09-01
    soldstatus $50,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast SC · Resets to sale price

• Current annual tax: $3,350 · $279/mo
• Projected year-2 tax: $3,350 · $279/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $41,239
• − Mortgage interest: −$24,367
• − Property taxes: −$3,350
• − Insurance: −$2,175
• − Repairs & maintenance: −$3,299
• − Management: −$3,299
• − HOA: −$6,600
• − Depreciation: −$12,655
• Taxable loss: −$14,506
• Est. tax savings @ 24.0%: +$3,481
• After-tax cash flow: $-3,440/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Beaufort 01
• NCES district ID: 4501110
• Math proficiency: 42% ▼ -8.00%
• Reading proficiency: 51% ▲ 2.00%
• Median HH income: $57,430
• Composite: 40.56/100
• National rank: #3699
• State rank: #17 of 80 in SC

Livability — Hilton Head Island

• Score: 64/100
• State rank: #157
• US rank: #14648

Category grades

Amenities F Commute F Cost of living F Crime A- Employment A+ Housing B- Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hilton Head Island, SC
• County: Beaufort County · 163,770 people
• City population: 40,243
• Metro: Hilton Head Island-Bluffton, SC
• Population (ZIP): 15,785
• Household income: $97,576
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 216.0

Population outlook (Beaufort County) Hauer SSP2

• Today (2025): 211,915 people
• By 2030: 227,272 · +7.2%
• By 2040: 253,861 · +19.8%
• By 2050: 275,126 · +29.8%
• By 2075: 311,022 · +46.8%
• By 2100: 321,286 · +51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 6% Two or more races 2% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 4% Slovak 4% Romanian 4%
• Foreign-born: 9% · Canada, China
• Languages at home: 91% English-only · Spanish 5% French/Haitian/Cajun 1% Chinese 1%

Political lean MEDSL · Beaufort

• 2024 margin: R (+14.5) · D 42.1% · R 56.6% · Other 1.2%
• 2008→2024 swing: -3.7pp toward R · 2008: -10.8pp · 2024: -14.5pp
• All cycles: 2024: R+14.5 2020: R+10.0 2016: R+14.3 2012: R+17.5 2008: R+10.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.21%
• Current HPI: 243.4136
• Rent YoY: ▲ 3.23%
• Metro: Hilton Head Island-Bluffton, SC
• State GDP YoY: ▲ 4.51%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SC)

Industry	F500 HQs	Revenue
▸Packaging	1	$7B

Price history

+754.6% since first listed

16 events — show timeline

• 2026-05-05 Price Changed $435,000 RSMLS
• 2026-04-19 Price Changed $445,000 RSMLS
• 2025-11-26 Listed $459,900 RSMLS
• 2009-07-06 Sold (Public Records) $170,000 Public Records
• 2009-06-29 Sold (MLS) $170,000 RSMLS
• 2008-10-30 Listed $199,900 RSMLS
• 2005-02-18 Sold (Public Records) $280,000 Public Records
• 2005-02-16 Sold (MLS) $280,000 RSMLS
• 2004-12-28 Listed $272,500 RSMLS
• 2003-04-02 Sold (Public Records) $165,900 Public Records
• 2003-03-24 Sold (MLS) $165,900 RSMLS
• 2003-01-27 Listed $171,900 RSMLS
• 1988-06-01 Sold (Public Records) $61,650 Public Records
• 1985-07-01 Sold (Public Records) $64,000 Public Records
• 1981-04-01 Sold (Public Records) $75,000 Public Records
• 1979-09-01 Sold (Public Records) $50,900 Public Records

Property tax history

+4.1%/yr

Latest (2025): $3,350 · +1.2% YoY. Source: county tax records.