158 Seawatch Dr. #1411Myrtle BeachSC29572
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 158 Seawatch Dr. #1411, Myrtle Beach, SC, 29572 offers a 6.67% rental yield on a $247,500 purchase with $1,375/mo rent. 48% in year one. Equity gained on principal adds $1,597/yr while 5% annual appreciation supports $68,380 over five years. Portfolio math shows five-year ROI at 94.9% and total cumulative return in cash at $77,861. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,375/mo property income against a $1,211/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John B Dodson • Leonard Call - Kingston
Mls Name: CCAR
Mls ID: #2601259