45 Folly Field Rd Unit 12I · Hilton Head Island, SC 29928

$325,000

2 bd · 2.0 ba · 757 sqft · Condo public records · 274 Days on market

Built 1980 $429/sqft · 7% below area Est $349k · 7% 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 +10.6/15.0
• Cash flow +7.0/30.0
• Appreciation +6.6/10.0
• Schools +4.1/10.0
• 1% rule +4.0/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• DSCR +1.2/10.0

Listing remarks MLS

Beautifullу updаted аnd mаintainеd tοp-floor, end unit with just a fіvе-minute walk to the beach! Fiddlers Cove maintains a pristine, well-kept environment, complete with resort-style amenities. Whether you're seeking a personal getaway or a strong investment opportunity, this villa checks every box.

Key facts

• End unit
• Five-minute walk
• Pristine environment

Tags

• TOP-FLOOR
• END UNIT
• FIVE-MINUTE WALK
• PRISTINE ENVIRONMENT
• RESORT-STYLE AMENITIES

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $325k.

Deal economics

• At list price, monthly cash flow is $-476 ($-6k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $292k (10.2% below list).
• Recommended offer: $286k (12.0% below list) — sets the bar for market timing.
• Cap rate 4.5% 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; 8 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 36% 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 $13k of equity ($2k loan paydown + $10k 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 ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 274 days — a 12% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 22y ago; this cycle's ask has dropped $44k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $286,000 (12.0% 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 274 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.90% ✗
• Cap rate: 4.53%
• Cash-on-cash: -6.28%
• DSCR: 0.72
• GRM: 9.3

CMA / ARV

• ARV (median comp): $348,999
• List price: $325,000
• Delta: -6.88%
• 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: 2.5%
• Equity multiple: 1.15×
• Total profit: $13,446
• Equity at exit: $149,944

10-year hold

• IRR: 6.1%
• Equity multiple: 1.96×
• Total profit: $87,514
• Equity at exit: $234,089

Cash invested: $91,000 (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: 9.3×

Monthly cashflow live

• Estimated rent: $2,920 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$443 /mo · $5,316/yr
• Insurance: −$135
• HOA est. from 18 same-building comps: −$500
• Vacancy / Maint / Mgmt: −$613
• Net cashflow: $-476

Break-even live

Break-even rent $3,523

Max offer price $240,853

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3 Burkes Beach Rd Unit B Hilton Head Island, SC	2.0	2.0	1100	$2,500	$2.27	13d	1	0.71mi
96 Mathews Dr #87 Hilton Head Island, SC	2.0	2.0	1000	$2,500	$2.50	44d	1	0.94mi
96 Mathews Dr Hilton Head Island, SC	2.0	2.0	1012	$2,400	$2.37	13d	2	0.94mi
96 Mathews Dr Hilton Head Island, SC	2.0	2.0–2.5	1000	$2,500	$2.50	21d	2	0.94mi
112 Union Cemetery Rd Hilton Head Island, SC	2.0	2.0	1025	$2,125	$2.07	13d	1	1.21mi
55 Gardner Dr Hilton Head Island, SC	1.0–3.0	1.0–2.0	1175	$2,902	$2.47	13d	9	1.22mi
663 William Hilton Pkwy #2121 Hilton Head Island, SC	2.0	2.0	900	$2,200	$2.44	44d	1	1.24mi
662 William Hilton Pkwy Unit 1468397P Hilton Head Island, SC	2.0	2.0	828	$2,632	$3.18	21d	1	1.35mi

HOA detail condo

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

Listing history 50 events

1. 2026-06-18
   days on market $325,000 Active 274 DOM
2. 2026-06-17
   days on market $325,000 Active 273 DOM
3. 2026-06-16
   days on market $325,000 Active 272 DOM
4. 2026-06-15
   days on market $325,000 Active 271 DOM
5. 2026-06-14
   days on market $325,000 Active 269 DOM
6. 2026-06-13
   days on market $325,000 Active 268 DOM
7. 2026-06-10
   days on market $325,000 Active 266 DOM
8. 2026-06-09
   days on market $325,000 Active 265 DOM
9. 2026-06-08
   days on market $325,000 Active 264 DOM
10. 2026-06-07
    days on market $325,000 Active 263 DOM
11. 2026-06-05
    days on market $325,000 Active 260 DOM
12. 2026-06-03
    days on market $325,000 Active 259 DOM
13. 2026-06-02
    days on market $325,000 Active 258 DOM
14. 2026-06-01
    days on market $325,000 Active 257 DOM
15. 2026-05-31
    days on market $325,000 Active 256 DOM
16. 2026-05-18
    price $325,000 309-char remark

    Show marketing remark (309 chars)

    Beautifullу updаted аnd mаintainеd tοp-floor, end unit with just a fіvе-minute walk to the beach! Fiddlers Cove maintains a pristine, well-kept environment, complete with resort-style amenities. Whether you're seeking a personal getaway or a strong investment opportunity, this villa checks every box.

17. 2026-02-25
    price $334,500 309-char remark

    Show marketing remark (309 chars)

    Beautifullу updаted аnd mаintainеd tοp-floor, end unit with just a fіvе-minute walk to the beach! Fiddlers Cove maintains a pristine, well-kept environment, complete with resort-style amenities. Whether you're seeking a personal getaway or a strong investment opportunity, this villa checks every box.

18. 2025-11-03
    price $339,000 309-char remark

    Show marketing remark (309 chars)

    Beautifullу updаted аnd mаintainеd tοp-floor, end unit with just a fіvе-minute walk to the beach! Fiddlers Cove maintains a pristine, well-kept environment, complete with resort-style amenities. Whether you're seeking a personal getaway or a strong investment opportunity, this villa checks every box.

19. 2025-09-17
    listed $369,000 Active 309-char remark

    Show marketing remark (309 chars)

    Beautifullу updаted аnd mаintainеd tοp-floor, end unit with just a fіvе-minute walk to the beach! Fiddlers Cove maintains a pristine, well-kept environment, complete with resort-style amenities. Whether you're seeking a personal getaway or a strong investment opportunity, this villa checks every box.

20. 2024-03-26
    soldstatus $344,000
21. 2024-03-21
    soldstatus $344,000 Closed 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

22. 2024-01-30
    status Pending 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

23. 2023-12-13
    status Active 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

24. 2023-12-12
    historical 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

25. 2023-11-30
    price $349,900 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

26. 2023-11-18
    status Active 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

27. 2023-10-30
    status Pending 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

28. 2023-10-07
    price $359,900 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

29. 2023-10-07
    price $365,000 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

30. 2023-09-01
    price $375,000 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

31. 2023-08-02
    listed $385,000 Active 516-char remark

    Show marketing remark (516 chars)

    Beautifully updated Fiddlers Cove villa just steps from the beach! Recently updated, quiet top floor, end unit villa with all new paint, smooth ceilings, crown molding, tile backsplash, furnishings, king bed, 2 sets of bunkbeds, high quality LVP flooring, HVAC 2019 & more. Quiet area within Fiddlers Cove situated close to the beach path. 5 min walk to the beach. Super clean, not rented since being updated, ready now to make this your rental machine, primary or 2nd home! No pets permitted in Fiddlers Cove.

32. 2022-12-15
    soldstatus $312,500
33. 2022-12-13
    soldstatus $312,500 Closed
34. 2022-11-08
    status Pending
35. 2022-11-03
    price $339,000
36. 2022-10-27
    price $349,000
37. 2022-10-21
    status Active
38. 2022-10-17
    listed $354,000
39. 2020-05-14
    soldstatus $177,000
40. 2020-05-14
    soldstatus $177,000
41. 2020-03-31
    listed $179,900
42. 2015-02-20
    listed $139,500
43. 2008-08-14
    soldstatus $163,750
44. 2008-08-11
    soldstatus $163,750
45. 2007-11-07
    listed $167,500
46. 2006-06-09
    soldstatus $236,000
47. 2006-06-06
    soldstatus $236,000
48. 2006-01-22
    listed $269,000
49. 2004-05-28
    soldstatus $113,500
50. 2004-05-27
    soldstatus $113,500

ⓘ 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: $5,316 · $443/mo
• Projected year-2 tax: $5,316 · $443/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: $35,035
• − Mortgage interest: −$18,205
• − Property taxes: −$5,316
• − Insurance: −$1,625
• − Repairs & maintenance: −$2,803
• − Management: −$2,803
• − HOA: −$6,000
• − Depreciation: −$9,455
• Taxable loss: −$11,172
• Est. tax savings @ 24.0%: +$2,681
• After-tax cash flow: $-3,035/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

+339.8% since first listed

41 events — show timeline

• 2026-05-18 Price Changed $325,000 RSMLS
• 2026-02-25 Price Changed $334,500 RSMLS
• 2025-11-03 Price Changed $339,000 RSMLS
• 2025-09-17 Listed $369,000 RSMLS
• 2024-03-26 Sold (Public Records) $344,000 Public Records
• 2024-03-21 Sold (MLS) $344,000 RSMLS
• 2024-01-30 Pending — RSMLS
• 2023-12-13 Relisted — RSMLS
• 2023-12-12 Delisted — RSMLS
• 2023-11-30 Price Changed $349,900 RSMLS
• 2023-11-18 Relisted — RSMLS
• 2023-10-30 Pending — RSMLS
• 2023-10-07 Price Changed $359,900 RSMLS
• 2023-10-07 Price Changed $365,000 RSMLS
• 2023-09-01 Price Changed $375,000 RSMLS
• 2023-08-02 Listed $385,000 RSMLS
• 2022-12-15 Sold (Public Records) $312,500 Public Records
• 2022-12-13 Sold (MLS) $312,500 RSMLS
• 2022-11-08 Pending — RSMLS
• 2022-11-03 Price Changed $339,000 RSMLS
• 2022-10-27 Price Changed $349,000 RSMLS
• 2022-10-21 Relisted — RSMLS
• 2022-10-17 Listed $354,000 RSMLS
• 2020-05-14 Sold (Public Records) $177,000 Public Records
• 2020-05-14 Sold (MLS) $177,000 RSMLS
• 2020-03-31 Listed $179,900 RSMLS
• 2015-02-20 Listed $139,500 RSMLS
• 2008-08-14 Sold (Public Records) $163,750 Public Records
• 2008-08-11 Sold (MLS) $163,750 RSMLS
• 2007-11-07 Listed $167,500 RSMLS
• 2006-06-09 Sold (Public Records) $236,000 Public Records
• 2006-06-06 Sold (MLS) $236,000 RSMLS
• 2006-01-22 Listed $269,000 RSMLS
• 2004-05-28 Sold (MLS) $113,500 RSMLS
• 2004-05-27 Sold (Public Records) $113,500 Public Records
• 2004-03-17 Listed $115,900 RSMLS
• 2003-01-22 Sold (Public Records) $45,592 Public Records
• 2001-08-01 Sold (Public Records) $89,000 Public Records
• 2000-06-27 Sold (Public Records) $84,000 Public Records
• 1997-02-14 Sold (Public Records) $65,000 Public Records
• 1982-07-01 Sold (Public Records) $73,900 Public Records

Property tax history

+10.9%/yr

Latest (2025): $5,316 · +15.7% YoY. Source: county tax records.