112 Olde Towne Way #5Myrtle BeachSC29588
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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 Myrtle Beach at 112 Olde Towne Way #5, Myrtle Beach, SC, 29588 at $191,000 posts ROI 28.81% with $470/mo cash flow from $2,057/mo rent. Total monthly income equals $2,057/mo, and annual cash flow records $5,638/yr on $63,317 to close. Return on cash invested measures 28.81% and rental yield reads 12.92% at the current $191,000. Equity gained on principal adds $1,232/yr, and 5% annual appreciation supports $52,770 by year five. Five-year ROI prints 153.39% and total cumulative return in cash totals $97,118.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,057/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2005
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
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Listed by: Joshua Knight • Coastal Tides Realty
Mls Name: CCAR
Mls Provider:
Mls ID: #2512228
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.