1606 Palmina Loop UNIT DMyrtle 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 1606 Palmina Loop UNIT D, Myrtle Beach, SC, 29588 earns $308/mo cash flow from $2,303/mo rent with a $1,640/mo payment. Total monthly income totals $2,303/mo, and annual cash flow totals $3,702/yr on $111,053 capital. ROI tracks 23.24% on current figures, and rental yield reads 8.25% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 120.43% and total cumulative return in cash sums $133,736. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,303/mo property income instead of your personal income.
Condo
Built in 2011
9,147 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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