174 Honey Jar WayLongsSC29568
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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 Longs at 174 Honey Jar Way, Longs, SC, 29568 priced at $299,900 pairs $2,354/mo rent with $569/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,354/mo, and annual cash flow comes to $6,823/yr on $99,417 invested. Return on cash invested is 26.77% in year one, and rental yield stands at 9.42% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 139.35% and total cumulative return in cash reaches $138,532. For financing, Ziffy Mortgage’s DSCR program evaluates $2,354/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29568, Longs, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,316 (100%) |
| Owner Occupied HU | 6,775 (72.7%) |
| Renter Occupied HU | 1,301 (14.0%) |
| Vacant Housing Units | 1,240 (13.3%) |
| Median Home Value | $316,590 |
| Average Home Value | $331,933 |
Housing Distribution
Address Breakdown
Residential
9,282
Single Family
8,694
Multi-Family
588
Businesses
321
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Listed by: Greg G Martz • Elite Realty Myrtle Beach
Mls Name: CCAR
Mls ID: #2521478