112 3rd Ave. S #BSurfside 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
Rental property for sale in Surfside Beach at 112 3rd Ave. S #B, Surfside Beach, SC, 29575 priced at $499,995 pairs $1,848/mo rent with after a $2,447/mo payment. Total monthly income equals $1,848/mo. Return on cash invested is 11.74% in year one, and rental yield stands at 4.44% on a $499,995 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,139 by year five. Five-year ROI measures 58.73% and total cumulative return in cash reaches $97,350. For financing, Ziffy Mortgage’s DSCR program evaluates $1,848/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1984
N/A 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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Listed by: Miles Servant • Surfside Realty Co Inc
Mls Name: CCAR
Mls ID: #2511454