1890 Colony Dr. #16-HMyrtle 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 1890 Colony Dr. #16-H, Myrtle Beach, SC, 29575 listed at $115,500 pairs $873/mo rent with a $565/mo payment to leave $186/mo cash flow. Total monthly income runs $873/mo, and annual cash flow reaches $2,229/yr on $38,288 cash to close. Return on cash invested measures 25.73% in year one, and rental yield registers 9.07% at a $115,500 basis. Equity gained on principal adds $745/yr, and annual property appreciation at 5% supports $31,911 by year five. Five-year ROI tracks 133.79% and total cumulative return in cash totals $51,226. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $873/mo property income relative to a $565/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
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: Skyler E Hearl • RE/MAX Southern Shores-Conway
Mls Name: CCAR
Mls ID: #2521898