1301 Pridgen Rd. #308Myrtle 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 1301 Pridgen Rd. #308, Myrtle Beach, SC, 29577 uses $41,404 cash to close to unlock $2,734/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $971/mo, and a $611/mo payment keeps the spread at $228/mo. Purchase price stands at $124,900, and rental yield measures 9.33% with $971/mo rent. Return on cash invested shows 26.51% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 137.95% and total cumulative return in cash records $57,118. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $971/mo property income covering a $611/mo payment rather than investor’s personal income.
Condo
Built in 1985
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: Ken Moore • Century 21 The Harrelson Group
Mls Name: CCAR
Mls ID: #2516460