1500 Cenith Dr. #A303North 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
Rental property for sale in North Myrtle Beach at 1500 Cenith Dr. #A303, North Myrtle Beach, SC, 29582 generates $1,770/mo in rent and, after a $1,120/mo payment, leaves $408/mo in cash flow. Total monthly income is $1,770/mo, and annual cash flow is $4,895/yr on $75,831 invested. Return on cash invested sits at 26.36% in year one, and rental yield is 9.29% on a $228,750 entry. Equity gained on principal adds $1,476/yr, while 5% annual appreciation builds toward $63,199 over five years. Five-year ROI reaches 137.13% and total cumulative return in cash sums $103,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,770/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A 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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Listed by: Frank L Streeter • Realty ONE Group Dockside
Mls Name: CCAR
Mls ID: #2521408