1206 Erin Way #AMyrtle BeachSC29577
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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 1206 Erin Way #A, Myrtle Beach, SC, 29577 at $132,900 posts ROI 25.77% with $215/mo cash flow from $1,006/mo rent. Total monthly income equals $1,006/mo, and annual cash flow records $2,584/yr on $44,056 to close. Return on cash invested measures 25.77% and rental yield reads 9.08% at the current $132,900. Equity gained on principal adds $858/yr, and 5% annual appreciation supports $36,718 by year five. Five-year ROI prints 134.04% and total cumulative return in cash totals $59,053.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,006/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29577, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,187 (100%) |
| Owner Occupied HU | 10,767 (44.5%) |
| Renter Occupied HU | 7,443 (30.8%) |
| Vacant Housing Units | 5,977 (24.7%) |
| Median Home Value | $386,984 |
| Average Home Value | $425,164 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
16,599
Multi-Family
4,376
Businesses
2,968
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Listed by: Lori Lentz-Widner • Century 21 The Harrelson Group
Mls Name: CCAR
Mls ID: #2527002