1305 S Ocean Blvd #402North 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
Investment property for sale in North Myrtle Beach at 1305 S Ocean Blvd #402, North Myrtle Beach, SC, 29582 earns $120/mo cash flow from $1,831/mo rent with a $1,407/mo payment. Total monthly income totals $1,831/mo, and annual cash flow totals $1,437/yr on $95,306 capital. ROI tracks 21.42% on current figures, and rental yield reads 7.64% at a $287,500 purchase. Equity gained on principal adds $1,855/yr, and 5% annual appreciation supports $79,431 over five years. Five-year ROI reaches 110.61% and total cumulative return in cash sums $105,419. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,831/mo property income instead of your personal income.
Condo
Built in 1983
5,227 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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