1516 Saint George Ln.Myrtle BeachSC29588
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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 Myrtle Beach at 1516 Saint George Ln, Myrtle Beach, SC, 29588 at $249,000 posts ROI 26.69% with $466/mo cash flow from $1,949/mo rent. Total monthly income equals $1,949/mo, and annual cash flow records $5,598/yr on $82,544 to close. Return on cash invested measures 26.69% and rental yield reads 9.39% at the current $249,000. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 by year five. Five-year ROI prints 138.93% and total cumulative return in cash totals $114,680.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,949/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
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Listed by: Janet Rossi • CENTURY 21 Boling & Associates
Mls Name: CCAR
Mls ID: #2529399