1100 Ridgewood Dr. Corolla Floor PlanNorth Myrtle BeachSC29582
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in North Myrtle Beach at 1100 Ridgewood Dr. Corolla Floor Plan, North Myrtle Beach, SC, 29582 offers a 5.08% rental yield on a $652,074 purchase with $2,760/mo rent. 78% in year one. Equity gained on principal adds $4,208/yr while 5% annual appreciation supports $180,156 over five years. Portfolio math shows five-year ROI at 69.65% and total cumulative return in cash at $149,417. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $3,192/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29582, North Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,971 (100%) |
| Owner Occupied HU | 8,741 (31.3%) |
| Renter Occupied HU | 2,173 ( 7.8%) |
| Vacant Housing Units | 17,057 (61.0%) |
| Median Home Value | $429,213 |
| Average Home Value | $486,164 |
Housing Distribution
Address Breakdown
Residential
14,598
Single Family
10,230
Multi-Family
4,368
Businesses
1,216
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Listed by: Archie Sanders • The Beverly Group
Mls Name: CCAR
Mls ID: #2602256