141 N Gate Rd.Myrtle BeachSC29572
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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 141 N Gate Rd, Myrtle Beach, SC, 29572 priced at $1,575,000 converts $3,667/mo rent into after a $7,709/mo obligation. Total monthly income equals $3,667/mo. Return on cash invested prints 6.95% in year one, and rental yield reads 2.79% against a $1,575,000 entry. Equity gained on principal adds $10,163/yr, while 5% annual appreciation compiles into $435,143 by year five. Five-year ROI reaches 32.91% and total cumulative return in cash sums $167,954. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,667/mo property income covering a $7,709/mo payment, not borrower’s personal income.
Single Family
Built in 1968
1.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29572, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,424 (100%) |
| Owner Occupied HU | 4,434 (33.0%) |
| Renter Occupied HU | 2,349 (17.5%) |
| Vacant Housing Units | 6,641 (49.5%) |
| Median Home Value | $484,365 |
| Average Home Value | $523,517 |
Housing Distribution
Address Breakdown
Residential
8,575
Single Family
6,082
Multi-Family
2,493
Businesses
982
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Listed by: Sara Boling • CENTURY 21 Boling & Associates
Mls Name: CCAR
Mls ID: #2525772