1880 Colony Dr. #11-RMyrtle BeachSC29575
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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 1880 Colony Dr. #11-R, Myrtle Beach, SC, 29575 earns $201/mo cash flow from $882/mo rent with a $560/mo payment. Total monthly income totals $882/mo, and annual cash flow totals $2,410/yr on $37,957 capital. ROI tracks 26.26% on current figures, and rental yield reads 9.24% at a $114,500 purchase. Equity gained on principal adds $739/yr, and 5% annual appreciation supports $31,634 over five years. Five-year ROI reaches 136.6% and total cumulative return in cash sums $51,848. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $882/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29575, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,239 (100%) |
| Owner Occupied HU | 7,983 (49.2%) |
| Renter Occupied HU | 2,316 (14.3%) |
| Vacant Housing Units | 5,940 (36.6%) |
| Median Home Value | $357,758 |
| Average Home Value | $393,262 |
Housing Distribution
Address Breakdown
Residential
12,623
Single Family
9,908
Multi-Family
2,715
Businesses
702
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Listed by: Marissa H Young • RE/MAX Southern Shores-Conway
Mls Name: CCAR
Mls ID: #2525470