202 Double Eagle Dr. #C-3Myrtle 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 202 Double Eagle Dr. #C-3, Myrtle Beach, SC, 29575 with 5% annual appreciation on a $144,900 basis while $1,116/mo rent supports operations. Total monthly income totals $1,116/mo and a $709/mo payment preserves $254/mo for cash returns. Annual cash flow comes to $3,044/yr on $48,034 deployed, and return on cash invested reaches 26.25% in year one. Equity gained on principal adds $935/yr, and five-year appreciation sums $40,033 alongside rental yield of 9.24%. Five-year ROI measures 136.53% and total cumulative return in cash totals $65,581.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,116/mo property income versus a $709/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1985
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: Cody Selman • Keller Williams Innovate South
Mls Name: CCAR
Mls ID: #2600742