123 Shetland Woods Dr.Myrtle 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 123 Shetland Woods Dr, Myrtle Beach, SC, 29577 with 5% annual appreciation on a $175,000 basis while $1,372/mo rent supports operations. Total monthly income totals $1,372/mo and a $857/mo payment preserves $330/mo for cash returns. Annual cash flow comes to $3,958/yr on $58,013 deployed, and return on cash invested reaches 26.73% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 9.41%. Five-year ROI measures 139.12% and total cumulative return in cash totals $80,707.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,372/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2020
4,791 sqft 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: The Mills Group Team • Century 21 Barefoot Realty
Mls Name: CCAR
Mls ID: #2522086