1206 King St.North Myrtle BeachSC29582
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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 North Myrtle Beach at 1206 King St, North Myrtle Beach, SC, 29582 generates $2,416/mo in rent and, after a $1,175/mo payment, leaves $987/mo in cash flow. Total monthly income is $2,416/mo, and annual cash flow is $11,844/yr on $79,560 invested. Return on cash invested sits at 34.8% in year one, and rental yield is 12.08% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 182.36% and total cumulative return in cash sums $145,082. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,416/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29582, North Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,971 (100%) |
| Owner Occupied HU | 8,741 (31.3%) |
| Renter Occupied HU | 2,173 ( 7.8%) |
| Vacant Housing Units | 17,057 (61.0%) |
| Median Home Value | $429,213 |
| Average Home Value | $486,164 |
Housing Distribution
Address Breakdown
Residential
14,598
Single Family
10,230
Multi-Family
4,368
Businesses
1,216
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Listed by: Alyssa Holmes • CENTURY 21 Thomas
Mls Name: CCAR
Mls Provider:
Mls ID: #2517846
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.