115 S 5th Ave. SMyrtle 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 Myrtle Beach at 115 S 5th Ave. S, Myrtle Beach, SC, 29575 offers $3,470/mo rent that, after a $5,379/mo payment. Total monthly income is $3,470/mo. Return on cash invested measures 8.55% in year one, and rental yield stands at 3.79% at a $1,099,000 entry. Equity gained on principal adds $7,092/yr while 5% annual appreciation compounds into $303,633 by year five. Five-year ROI records 42.06% and total cumulative return in cash reaches $149,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,470/mo property income versus a $5,379/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
3,920 sqft 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: Candace Mutter • Realty ONE Group Dockside
Mls Name: CCAR
Mls Provider:
Mls ID: #2407867
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 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.