1388 Speedway St. #480Myrtle BeachSC29579
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1388 Speedway St. #480, Myrtle Beach, SC, 29579 uses $100,610 cash to close to unlock $5,686/yr annual cash flow and $474/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,485/mo payment keeps the spread at $474/mo. Purchase price stands at $303,500, and rental yield measures 9.01% with $2,280/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $83,851 over five years. Five-year ROI reaches 132.83% and total cumulative return in cash records $133,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,485/mo payment rather than investor’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29579, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,319 (100%) |
| Owner Occupied HU | 17,677 (60.3%) |
| Renter Occupied HU | 7,507 (25.6%) |
| Vacant Housing Units | 4,135 (14.1%) |
| Median Home Value | $370,725 |
| Average Home Value | $418,546 |
Housing Distribution
Address Breakdown
Residential
29,078
Single Family
23,909
Multi-Family
5,169
Businesses
1,094
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Douglas T Martin • Lennar Carolinas LLC
Mls Name: CCAR
Mls ID: #2518229