181 Olde Towne Way #2Myrtle 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 181 Olde Towne Way #2, Myrtle Beach, SC, 29588 listed at $215,000 pairs $1,446/mo rent with a $1,052/mo payment to leave $166/mo cash flow. Total monthly income runs $1,446/mo, and annual cash flow reaches $1,998/yr on $71,273 cash to close. Return on cash invested measures 22.71% in year one, and rental yield registers 8.07% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 117.59% and total cumulative return in cash totals $83,809. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,446/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2016
N/A 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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Listed by: Lewis ''Ben'' B Collins • Greyfeather Group EXP Realty
Mls Name: CCAR
Mls ID: #2524236