147 Shetland Woods Dr.Myrtle BeachSC29577
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
Rental property for sale in Myrtle Beach at 147 Shetland Woods Dr, Myrtle Beach, SC, 29577 offers $1,063/mo rent that, after a $680/mo payment, leaves $236/mo cash flow. Total monthly income is $1,063/mo, and annual cash flow is $2,832/yr on $46,045 cash. Return on cash invested measures 26.06% in year one, and rental yield stands at 9.18% at a $138,900 entry. Equity gained on principal adds $896/yr while 5% annual appreciation compounds into $38,376 by year five. Five-year ROI records 135.52% and total cumulative return in cash reaches $62,401. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,063/mo property income versus a $680/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
4,356 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joel Barber • Fathom Realty SC LLC
Mls Name: CCAR
Mls ID: #2600029