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Cushman & Wakefield Facilitates $10.3M Sale Of Hilton Head Island SFR Community
SOLD
$10,300,000
South Carolina
See Similar DealsSingle Family
Sold 09/07/2023
SOLD
Cushman & Wakefield Facilitates $10.3M Sale Of Hilton Head Island SFR Community
5 Tidal Bluff Road
See Similar DealsSingle Family
Sold 09/07/2023
Summary
SOUTH CAROLINA
Asset Type:Single Family
Transaction Type:Sale
Tidal Bluff, a 30-unit single-family rental residential community located at 5 Tidal Bluff Road in Hilton Head Island, SC, has been sold for a total of $10.3 million. The property was sold by Singerman Real Estate LLC.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $10,300,000
- Address: 5 Tidal Bluff Road, Hilton Head Island, SC
- Market: Hilton Head Island, SC
- Units: 30
- Price per Unit (PPU): $343,333
The sale of Tidal Bluff was facilitated by Austin Green, Louis Smart, and Taylor Bird from Cushman & Wakefield.
It is worth noting that Cushman & Wakefield played a significant role in facilitating the sale of the 30-unit single-family rental residential community, Tidal Bluff, on Hilton Head Island for a transaction amount of $10.3 million.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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