1101 N Ocean Blvd.North 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
Total monthly income runs $5,489/mo, and a $9,544/mo payment. Purchase price stands at $1,950,000, and rental yield measures 3.38% with $5,489/mo rent. Return on cash invested shows 8.75% in year one, and 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 42.58% and total cumulative return in cash records $269,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,489/mo property income covering a $9,544/mo payment rather than investor’s personal income.
Single Family
Built in 2014
0.34 Acres 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: Scott Ellis & Ty Bellamy Team • RE/MAX Southern Shores NMB
Mls Name: CCAR
Mls ID: #2521476