119 Herrmann Ridge Ct.Myrtle BeachSC29579
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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 119 Herrmann Ridge Ct, Myrtle Beach, SC, 29579 at $439,000 posts ROI 20.65% with $90/mo cash flow from $2,704/mo rent. Total monthly income equals $2,704/mo, and annual cash flow records $1,085/yr on $145,529 to close. Return on cash invested measures 20.65% and rental yield reads 7.39% at the current $439,000. Equity gained on principal adds $2,833/yr, and 5% annual appreciation supports $121,288 by year five. Five-year ROI prints 106.55% and total cumulative return in cash totals $155,060.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,704/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29579, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,319 (100%) |
| Owner Occupied HU | 17,677 (60.3%) |
| Renter Occupied HU | 7,507 (25.6%) |
| Vacant Housing Units | 4,135 (14.1%) |
| Median Home Value | $370,725 |
| Average Home Value | $418,546 |
Housing Distribution
Address Breakdown
Residential
29,078
Single Family
23,909
Multi-Family
5,169
Businesses
1,094
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Listed by: Coastal Pro Group • Beach & Forest Realty
Mls Name: CCAR
Mls ID: #2518012