1890 Colony Dr. #17GMyrtle BeachSC29575
Nearby investment properties with comparable rents
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
Investment property for sale in Myrtle Beach at 1890 Colony Dr. #17G, Myrtle Beach, SC, 29575 uses $54,664 cash to close to unlock $6,798/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $1,548/mo, and a $807/mo payment keeps the spread at $566/mo. Purchase price stands at $164,900, and rental yield measures 11.27% with $1,548/mo rent. Return on cash invested shows 32.34% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 169.24% and total cumulative return in cash records $92,512. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,548/mo property income covering a $807/mo payment rather than investor’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Clay C Branyon • Beach & Forest Realty North
Mls Name: CCAR
Mls ID: #2600495