104 Cordillo Pkwy Unit O7 · Hilton Head Island, SC 29928

$199,000

2 bd · 1.5 ba · 864 sqft · Condo · 83 Days on market

Built 1979 Good condition $230/sqft · 16% below area Est $238k · 16% under ↓ 5% since listing

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Why this score? — see what drove the A- 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 +28.4/30.0
• ARV discount +14.8/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.6/10.0
• Schools +4.1/10.0
• Condition / age +4.0/5.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0

Listing remarks MLS

Welcome tο thiѕ sесond-floοr vіlla in Cordillo Courts, offering іnсredible flexibility whether you're looking for an investment property, vacation getaway, or full-time residence. Enjoy peaceful pool views, on-site tennis courts, and an unbeatable location just a short stroll to the beach, Lowcountry Celebration Park, and the shops and dining of Coligny Plaza. Recent updates include new LVP flooring, freshly painted interior, and painted kitchen cabinetry. The bathroom features a convenient dual vanity layout with separate spaces for getting ready, along with a shared tub and shower. Both vanities and the tub have been recently replaced, adding a fresh and updated feel. With great bones and room to make it your own, this property is ideal for someone seeking an investor opportunity or the chance to personalize a coastal retreat on Hilton Head Island. Cordillo Courts is loved for its proximity to all the best of the South End-bike paths, beaches, restaurants, and year-round amenities.

Key facts

• Parking
• Community pool
• Built 1979

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $199k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $645 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $199k).
• Recommended offer: $187k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.2% 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; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,824 units permitted in Beaufort County in 2024 (618 in 5+ unit buildings).
• This rent runs 40% 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 $8k of equity ($1k loan paydown + $6k appreciation (3.2% local appreciation)).
• Beaufort County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.2% appreciation + 3.2% rent growth), your $56k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($187k) is reasonable based on typical stale-listing flexibility.

Recommended offer $187,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
9. 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.
10. 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: 1.63% ✓
• Cap rate: 10.18%
• Cash-on-cash: 13.88%
• DSCR: 1.62
• GRM: 5.1

CMA / ARV

• ARV (median comp): $237,778
• List price: $199,000
• Delta: -16.31%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 21.3%
• Equity multiple: 2.23×
• Total profit: $68,356
• Equity at exit: $91,812

10-year hold

• IRR: 22.4%
• Equity multiple: 4.32×
• Total profit: $184,747
• Equity at exit: $143,335

Cash invested: $55,720 (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: 5.1×

Monthly cashflow live

• Estimated rent: $3,247 high
• Mortgage (P&I): −$1,044
• Tax est. 1.5%: −$249 /mo · $2,985/yr
• Insurance: −$83
• HOA est. from 5 same-building comps: −$545
• Vacancy / Maint / Mgmt: −$682
• Net cashflow: $645

Break-even live

Break-even rent $2,431

Max offer price $199,000

Occupancy floor 75%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
36 Deallyon Ave Unit 1498585P Hilton Head Island, SC	2.0	2.5	990	$2,706	$2.73	13d	1	0.16mi
19 Lemoyne Ave Unit 1470518P Hilton Head Island, SC	2.0	2.5	1033	$2,673	$2.59	13d	1	0.34mi
10 Lemoyne Ave Unit 1322533P Hilton Head Island, SC	2.0	2.0	839	$4,267	$5.09	13d	1	0.43mi
23 S Forest Beach Dr Unit 1316238P Hilton Head Island, SC	1.0	1.0	645	$3,185	$4.94	20d	1	0.53mi
21 Lagoon Rd Unit 1508866P Hilton Head Island, SC	2.0	2.0	742	$2,687	$3.62	13d	1	0.56mi
217 Cordillo Pkwy Unit C7 Hilton Head Island, SC	1.0	1.0	850	$1,795	$2.11	13d	1	1.03mi

HOA detail condo

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

Listing history 7 events

1. 2026-06-03
   status $199,000 Pending 83 DOM
2. 2026-06-02
   days on market $199,000 Active 83 DOM
3. 2026-06-01
   days on market $199,000 Active 82 DOM
4. 2026-05-31
   days on market $199,000 Active 81 DOM
5. 2026-05-01
   price $199,000 1014-char remark

   Show marketing remark (1014 chars)

   Welcome tο thiѕ sесond-floοr vіlla in Cordillo Courts, offering іnсredible flexibility whether you're looking for an investment property, vacation getaway, or full-time residence. Enjoy peaceful pool views, on-site tennis courts, and an unbeatable location just a short stroll to the beach, Lowcountry Celebration Park, and the shops and dining of Coligny Plaza. Recent updates include new LVP flooring, freshly painted interior, and painted kitchen cabinetry. The bathroom features a convenient dual vanity layout with separate spaces for getting ready, along with a shared tub and shower. Both vanities and the tub have been recently replaced, adding a fresh and updated feel. With great bones and room to make it your own, this property is ideal for someone seeking an investor opportunity or the chance to personalize a coastal retreat on Hilton Head Island. Cordillo Courts is loved for its proximity to all the best of the South End-bike paths, beaches, restaurants, and year-round amenities.

6. 2026-03-27
   price $210,000 1014-char remark

   Show marketing remark (1014 chars)

   Welcome tο thiѕ sесond-floοr vіlla in Cordillo Courts, offering іnсredible flexibility whether you're looking for an investment property, vacation getaway, or full-time residence. Enjoy peaceful pool views, on-site tennis courts, and an unbeatable location just a short stroll to the beach, Lowcountry Celebration Park, and the shops and dining of Coligny Plaza. Recent updates include new LVP flooring, freshly painted interior, and painted kitchen cabinetry. The bathroom features a convenient dual vanity layout with separate spaces for getting ready, along with a shared tub and shower. Both vanities and the tub have been recently replaced, adding a fresh and updated feel. With great bones and room to make it your own, this property is ideal for someone seeking an investor opportunity or the chance to personalize a coastal retreat on Hilton Head Island. Cordillo Courts is loved for its proximity to all the best of the South End-bike paths, beaches, restaurants, and year-round amenities.

7. 2026-03-11
   status Active 1014-char remark

   Show marketing remark (1014 chars)

   Welcome tο thiѕ sесond-floοr vіlla in Cordillo Courts, offering іnсredible flexibility whether you're looking for an investment property, vacation getaway, or full-time residence. Enjoy peaceful pool views, on-site tennis courts, and an unbeatable location just a short stroll to the beach, Lowcountry Celebration Park, and the shops and dining of Coligny Plaza. Recent updates include new LVP flooring, freshly painted interior, and painted kitchen cabinetry. The bathroom features a convenient dual vanity layout with separate spaces for getting ready, along with a shared tub and shower. Both vanities and the tub have been recently replaced, adding a fresh and updated feel. With great bones and room to make it your own, this property is ideal for someone seeking an investor opportunity or the chance to personalize a coastal retreat on Hilton Head Island. Cordillo Courts is loved for its proximity to all the best of the South End-bike paths, beaches, restaurants, and year-round amenities.

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

Taxation est. · year 1

• Rental income: $38,959
• − Mortgage interest: −$11,147
• − Property taxes: −$2,985
• − Insurance: −$995
• − Repairs & maintenance: −$3,117
• − Management: −$3,117
• − HOA: −$6,540
• − Depreciation: −$5,789
• Taxable income: $5,270
• Est. tax owed @ 24.0%: −$1,265
• After-tax cash flow: $6,470/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 · 12 photos

Good 80/100 Cosmetic rehab

This second-floor villa in Cordillo Courts is in good condition with recent updates, making it an attractive investment property or vacation getaway.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value
• Both Landscaping around the property — Improves curb appeal and enhances property value
• Both Upgrading window treatments — Enhances curb appeal and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior siding — Enhances curb appeal and value ↑
• Both Landscaping around the property — Improves curb appeal and enhances property value ↑
• Both Upgrading window treatments — Enhances curb appeal and energy efficiency ↑

ⓘ 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

-5.2% since first listed

3 events — show timeline

• 2026-05-01 Price Changed $199,000 RSMLS
• 2026-03-27 Price Changed $210,000 RSMLS
• 2026-03-11 Relisted — RSMLS