201 N 77th Ave. N #1029Myrtle BeachSC29572
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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 201 N 77th Ave. N #1029, Myrtle Beach, SC, 29572 earns $308/mo cash flow from $1,264/mo rent with a $786/mo payment. Total monthly income totals $1,264/mo, and annual cash flow totals $3,698/yr on $53,206 capital. ROI tracks 26.86% on current figures, and rental yield reads 9.45% at a $160,500 purchase. Equity gained on principal adds $1,036/yr, and 5% annual appreciation supports $44,343 over five years. Five-year ROI reaches 139.86% and total cumulative return in cash sums $74,415. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,264/mo property income instead of your personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29572, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,424 (100%) |
| Owner Occupied HU | 4,434 (33.0%) |
| Renter Occupied HU | 2,349 (17.5%) |
| Vacant Housing Units | 6,641 (49.5%) |
| Median Home Value | $484,365 |
| Average Home Value | $523,517 |
Housing Distribution
Address Breakdown
Residential
8,575
Single Family
6,082
Multi-Family
2,493
Businesses
982
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Listed by: Gail Bennett • Ocean Front Guru Real Estate
Mls Name: CCAR
Mls ID: #2525198