1105 Salt Windy Way Lot 11North 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
Rental property for sale in North Myrtle Beach at 1105 Salt Windy Way Lot 11, North Myrtle Beach, SC, 29582 generates $4,561/mo in rent and, after a $3,426/mo payment, leaves $394/mo in cash flow. Total monthly income is $4,561/mo, and annual cash flow is $4,731/yr on $230,267 invested. Return on cash invested sits at 22.11% in year one, and rental yield is 7.82% on a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 114.34% and total cumulative return in cash sums $263,288. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,561/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
3,049 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: Desiree Rowles • Rowles Real Estate
Mls Name: CCAR
Mls ID: #2601188