34 S Forest Beach Dr Unit A18 · Hilton Head Island, SC 29928

$295,000

1 bd · 1.0 ba · 625 sqft · Condo · 263 Days on market

Built 1975 Good condition

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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).

• Cash flow +7.7/30.0
• ARV discount +7.5/15.0
• Appreciation +6.6/10.0
• 1% rule +4.1/10.0
• Schools +4.1/10.0
• Condition / age +4.0/5.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• DSCR +1.8/10.0

Listing remarks MLS

Gorgeous 5th flοor сornеr рenthousе сondo ready for your next hοmе/2nd home or investment property. Furnished with stylish furniture and decor, updates throughout including large walk-thru full bath to bedroom with large closet, open kitchen with granite tops and lots of cabinets, large dining area, and bright living room with slider to private balcony, new HVAC and water heater in 2024. Complex has code-operated gates (no need for fob), elevators, community pool and tennis courts, and community laundry facilities on each floor, pet-friendly for owners. Situated close to beach and near area shopping, parks, and restaurants.

Key facts

• Community pool
• Private balcony
• Community pool

Tags

• 5TH FLOOR CORNER PENTHOUSE
• LARGE WALK-THRU FULL BATH
• OPEN KITCHEN WITH GRANITE TOPS
• PRIVATE BALCONY
• NEW HVAC AND WATER HEATER
• COMMUNITY POOL

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $295k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-408 ($-5k/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 $269k (8.9% below list).
• Recommended offer: $260k (12.0% below list) — sets the bar for market timing.
• Cap rate 4.9% vs local median 2.9% 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.
• Zoned schools: Hilton Head Island Elementary (math 50% / reading 49%, grade D, #168 of 597 statewide, top 31%, 709 students, 56% FRL); Hilton Head Island Middle (math 33% / reading 42%, grade F, #90 of 229 statewide, top 42%, 856 students, 52% FRL); Hilton Head Island High (math 70% / reading 82%, grade A-, #34 of 196 statewide, top 17%, 1,345 students, 40% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: Rents rising (+3.2%/yr); 846 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 33% 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 $12k of equity ($2k loan paydown + $9k 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 4, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 263 days — a 12% lower offer ($260k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 17y ago; this cycle's ask has dropped $30k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $259,600 (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 263 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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?
11. 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.
12. 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.
13. 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: 0.91% ✗
• Cap rate: 4.90%
• Cash-on-cash: -4.96%
• DSCR: 0.78
• GRM: 9.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 2.9%
• Equity multiple: 1.17×
• Total profit: $13,768
• Equity at exit: $136,103

10-year hold

• IRR: 6.4%
• Equity multiple: 2.00×
• Total profit: $82,848
• Equity at exit: $212,481

Cash invested: $82,600 (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: 846
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,689 medium
• Mortgage (P&I): −$1,547
• Tax est. 1.5%: −$369 /mo · $4,425/yr
• Insurance: −$123
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA est. from 3 same-building comps: −$427
• Vacancy / Maint / Mgmt: −$565
• Net cashflow: $-408

Break-even live

Break-even rent $3,205

Max offer price $235,957

Occupancy floor —

Sensitivity live

Price	-10% $-204	-5% $-306	+0% $-408	+5% $-510	+10% $-612
Rent	-10% $-620	-5% $-514	+0% $-408	+5% $-302	+10% $-196
Rate	-1.0pp $-259	-0.5pp $-333	base $-408	+0.5pp $-484	+1.0pp $-562

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10 Lemoyne Ave Hilton Head Island, SC	1.0	1.0	500	$1,700	$3.40	15d	1	0.06mi
23 S Forest Beach Dr Unit 1316238P Hilton Head Island, SC	1.0	1.0	645	$3,185	$4.94	22d	1	0.22mi
4 N Forest Beach Dr Unit 1436439P Hilton Head Island, SC	1.0	1.0	516	$4,092	$7.93	45d	1	0.57mi
21 Lagoon Rd Unit 1508866P Hilton Head Island, SC	2.0	2.0	742	$2,687	$3.62	15d	1	0.72mi

HOA detail condo

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

Listing history 15 events

1. 2026-05-06
   status Pending 647-char remark

   Show marketing remark (647 chars)

   Gorgeous 5th flοor сornеr рenthousе сondo ready for your next hοmе/2nd home or investment property. Furnished with stylish furniture and decor, updates throughout including large walk-thru full bath to bedroom with large closet, open kitchen with granite tops and lots of cabinets, large dining area, and bright living room with slider to private balcony, new HVAC and water heater in 2024. Complex has code-operated gates (no need for fob), elevators, community pool and tennis courts, and community laundry facilities on each floor, pet-friendly for owners. Situated close to beach and near area shopping, parks, and restaurants.

2. 2026-04-08
   price $295,000 647-char remark

   Show marketing remark (647 chars)

   Gorgeous 5th flοor сornеr рenthousе сondo ready for your next hοmе/2nd home or investment property. Furnished with stylish furniture and decor, updates throughout including large walk-thru full bath to bedroom with large closet, open kitchen with granite tops and lots of cabinets, large dining area, and bright living room with slider to private balcony, new HVAC and water heater in 2024. Complex has code-operated gates (no need for fob), elevators, community pool and tennis courts, and community laundry facilities on each floor, pet-friendly for owners. Situated close to beach and near area shopping, parks, and restaurants.

3. 2026-01-20
   price $305,000 647-char remark

   Show marketing remark (647 chars)

   Gorgeous 5th flοor сornеr рenthousе сondo ready for your next hοmе/2nd home or investment property. Furnished with stylish furniture and decor, updates throughout including large walk-thru full bath to bedroom with large closet, open kitchen with granite tops and lots of cabinets, large dining area, and bright living room with slider to private balcony, new HVAC and water heater in 2024. Complex has code-operated gates (no need for fob), elevators, community pool and tennis courts, and community laundry facilities on each floor, pet-friendly for owners. Situated close to beach and near area shopping, parks, and restaurants.

4. 2025-12-28
   price $315,000 647-char remark

   Show marketing remark (647 chars)

   Gorgeous 5th flοor сornеr рenthousе сondo ready for your next hοmе/2nd home or investment property. Furnished with stylish furniture and decor, updates throughout including large walk-thru full bath to bedroom with large closet, open kitchen with granite tops and lots of cabinets, large dining area, and bright living room with slider to private balcony, new HVAC and water heater in 2024. Complex has code-operated gates (no need for fob), elevators, community pool and tennis courts, and community laundry facilities on each floor, pet-friendly for owners. Situated close to beach and near area shopping, parks, and restaurants.

5. 2025-08-16
   listed $325,000 Active 647-char remark

   Show marketing remark (647 chars)

   Gorgeous 5th flοor сornеr рenthousе сondo ready for your next hοmе/2nd home or investment property. Furnished with stylish furniture and decor, updates throughout including large walk-thru full bath to bedroom with large closet, open kitchen with granite tops and lots of cabinets, large dining area, and bright living room with slider to private balcony, new HVAC and water heater in 2024. Complex has code-operated gates (no need for fob), elevators, community pool and tennis courts, and community laundry facilities on each floor, pet-friendly for owners. Situated close to beach and near area shopping, parks, and restaurants.

6. 2025-08-16
   listed $325,000 Active

   Show marketing remark (647 chars)

   Gorgeous 5th flοor сornеr рenthousе сondo ready for your next hοmе/2nd home or investment property. Furnished with stylish furniture and decor, updates throughout including large walk-thru full bath to bedroom with large closet, open kitchen with granite tops and lots of cabinets, large dining area, and bright living room with slider to private balcony, new HVAC and water heater in 2024. Complex has code-operated gates (no need for fob), elevators, community pool and tennis courts, and community laundry facilities on each floor, pet-friendly for owners. Situated close to beach and near area shopping, parks, and restaurants.

7. 2024-04-10
   soldstatus $280,000 Closed
8. 2024-03-22
   status Pending
9. 2024-02-06
   status Active
10. 2024-02-02
    price $299,000
11. 2024-01-26
    listed $329,000
12. 2017-07-13
    historical
13. 2017-07-12
    listed $149,900
14. 2017-07-12
    listed $149,900
15. 2009-07-07
    listed $175,000

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 78% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,265
• − Mortgage interest: −$16,525
• − Property taxes: −$4,425
• − Insurance: −$2,272
• − Repairs & maintenance: −$2,581
• − Management: −$2,581
• − HOA: −$5,124
• − Depreciation: −$8,582
• Taxable loss: −$9,825
• Est. tax savings @ 24.0%: +$2,358
• After-tax cash flow: $-2,538/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.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab

This well-maintained and updated condo is ready for immediate occupancy and offers a great investment opportunity.

Value-add opportunities

• Both landscaping improvements — enhances curb appeal and property value
• Both smart home integration — increases convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping improvements — enhances curb appeal and property value ↑
• Both smart home integration — increases convenience and marketability ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+68.6% since first listed

15 events — show timeline

• 2026-05-06 Pending — RSMLS
• 2026-04-08 Price Changed $295,000 RSMLS
• 2026-01-20 Price Changed $305,000 RSMLS
• 2025-12-28 Price Changed $315,000 RSMLS
• 2025-08-16 Listed $325,000 RSMLS
• 2025-08-16 Listed $325,000 RSMLS
• 2024-04-10 Sold (MLS) $280,000 RSMLS
• 2024-03-22 Pending — RSMLS
• 2024-02-06 Relisted — RSMLS
• 2024-02-02 Price Changed $299,000 RSMLS
• 2024-01-26 Listed $329,000 RSMLS
• 2017-07-13 Listing Removed — Hive MLS
• 2017-07-12 Listed $149,900 Hive MLS
• 2017-07-12 Listed $149,900 RSMLS
• 2009-07-07 Listed $175,000 RSMLS