1604 Covewind CirNorth 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 1604 Covewind Cir, North Myrtle Beach, SC, 29582 generates $2,697/mo in rent and, after a $1,906/mo payment, leaves $379/mo in cash flow. Total monthly income is $2,697/mo, and annual cash flow is $4,547/yr on $129,086 invested. Return on cash invested sits at 23.43% in year one, and rental yield is 8.31% on a $389,400 entry. Equity gained on principal adds $2,513/yr, while 5% annual appreciation builds toward $107,584 over five years. Five-year ROI reaches 121.41% and total cumulative return in cash sums $156,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,697/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
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: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A