161 Seawatch Dr. #616Myrtle BeachSC29572
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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 161 Seawatch Dr. #616, Myrtle Beach, SC, 29572 listed at $444,500 pairs $2,293/mo rent with a $2,176/mo payment. Total monthly income runs $2,293/mo. Return on cash invested measures 17.03% in year one, and rental yield registers 6.19% at a $444,500 basis. Equity gained on principal adds $2,868/yr, and annual property appreciation at 5% supports $122,807 by year five. Five-year ROI tracks 87.09% and total cumulative return in cash totals $128,335. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,293/mo property income relative to a $2,176/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1997
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
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Listed by: Yana Y Smith • CENTURY 21 Boling & Associates
Mls Name: CCAR
Mls ID: #2529559