1890 Colony Dr. UNIT 17 DSurfside 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
Rental property for sale in Surfside Beach at 1890 Colony Dr. UNIT 17 D, Surfside Beach, SC, 29575 generates $1,568/mo in rent and, after a $797/mo payment, leaves $292/mo in cash flow. Total monthly income is $1,568/mo, and annual cash flow is $3,499/yr on $54,001 invested. Return on cash invested sits at 26.39% in year one, and rental yield is 11.55% on a $162,900 entry. Equity gained on principal adds $1,051/yr, while 5% annual appreciation builds toward $45,006 over five years. Five-year ROI reaches 139.77% and total cumulative return in cash sums $75,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,568/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$307 monthly 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: Josh Carmichael • RE/MAX Executive
Mls Name: CCAR
Mls Provider:
Mls ID: #2422246
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.