1881 Colony Dr UNIT 8jSurfside BeachSC29575
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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
Rental property for sale in Surfside Beach at 1881 Colony Dr UNIT 8j, Surfside Beach, SC, 29575 generates $1,655/mo in rent and, after a $915/mo payment, leaves $23/mo in cash flow. Total monthly income is $1,655/mo, and annual cash flow is $278/yr on $61,957 invested. Return on cash invested sits at 20.36% in year one, and rental yield is 10.63% on a $186,900 entry. Equity gained on principal adds $1,206/yr, while 5% annual appreciation builds toward $51,637 over five years. Five-year ROI reaches 108.65% and total cumulative return in cash sums $67,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,655/mo property income rather than buyer’s personal income.
Condo
Built in 1986
0.37 Acres lot
$N/A/sqft
$6,228 annually 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: Natalie D Rakoci • Century 21 Vanguard
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100479611
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-01-28 07:59:41 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-01-28 07:59:41 PST Hive MLS