1101 2nd Ave N APT 2004Surfside BeachSC29575
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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 Surfside Beach at 1101 2nd Ave N APT 2004, Surfside Beach, SC, 29575 uses $53,040 cash to close to unlock $7,676/yr annual cash flow and $640/mo monthly cash flow. Total monthly income runs $1,592/mo, and a $783/mo payment keeps the spread at $640/mo. Purchase price stands at $160,000, and rental yield measures 11.94% with $1,592/mo rent. Return on cash invested shows 34.38% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 180.16% and total cumulative return in cash records $95,558. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,592/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1989
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29575, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,239 (100%) |
| Owner Occupied HU | 7,983 (49.2%) |
| Renter Occupied HU | 2,316 (14.3%) |
| Vacant Housing Units | 5,940 (36.6%) |
| Median Home Value | $357,758 |
| Average Home Value | $393,262 |
Housing Distribution
Address Breakdown
Residential
12,623
Single Family
9,908
Multi-Family
2,715
Businesses
702
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