125 Homestead WayMyrtle BeachSC29588
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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 125 Homestead Way, Myrtle Beach, SC, 29588 priced at $369,840 converts $2,520/mo rent into $319/mo cash flow after a $1,810/mo obligation. Total monthly income equals $2,520/mo, and annual cash flow totals $3,823/yr on $122,602 invested. Return on cash invested prints 23.03% in year one, and rental yield reads 8.18% against a $369,840 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,180 by year five. Five-year ROI reaches 119.26% and total cumulative return in cash sums $146,211. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
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Listed by: Renee Brown • DR Horton
Mls Name: CCAR
Mls ID: #2529536