1128 Club WayMyrtle BeachSC29927
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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 Myrtle Beach at 1128 Club Way, Myrtle Beach, SC, 29927 offers $3,362/mo rent that, after a $587/mo payment, leaves $2,564/mo cash flow. Total monthly income is $3,362/mo, and annual cash flow is $30,773/yr on $39,747 cash. Return on cash invested measures 97.33% in year one, and rental yield stands at 33.65% at a $119,900 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,126 by year five. Five-year ROI records 518.71% and total cumulative return in cash reaches $206,172. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,362/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29927, Hardeeville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,506 (100%) |
| Owner Occupied HU | 3,710 (67.4%) |
| Renter Occupied HU | 1,031 (18.7%) |
| Vacant Housing Units | 765 (13.9%) |
| Median Home Value | $413,666 |
| Average Home Value | $415,493 |
Housing Distribution
Address Breakdown
Residential
5,486
Single Family
4,986
Multi-Family
500
Businesses
350
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Listed by: Robert Sedgwick • EXP Realty LLC
Mls Name: REsides, Inc.
Mls Provider:
Mls ID: #446214
Disclaimer: We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an as is as available basis only and may not reflect all real estate activity in the market. 2024 REsides, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REsides, Inc.