2000 S Ocean Blvd #305Myrtle BeachSC29577
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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 2000 S Ocean Blvd #305, Myrtle Beach, SC, 29577 uses $35,305 cash to close to unlock $2,535/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $845/mo, and a $521/mo payment keeps the spread at $211/mo. Purchase price stands at $106,500, and rental yield measures 9.52% with $845/mo rent. Return on cash invested shows 27.09% in year one, and 5% annual appreciation builds toward $29,424 over five years. Five-year ROI reaches 141.17% and total cumulative return in cash records $49,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $845/mo property income covering a $521/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29577, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,187 (100%) |
| Owner Occupied HU | 10,767 (44.5%) |
| Renter Occupied HU | 7,443 (30.8%) |
| Vacant Housing Units | 5,977 (24.7%) |
| Median Home Value | $386,984 |
| Average Home Value | $425,164 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
16,599
Multi-Family
4,376
Businesses
2,968
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Listed by: N/A • N/A
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