205 Ocean Commons Dr.Surfside 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
Rental property for sale in Surfside Beach at 205 Ocean Commons Dr, Surfside Beach, SC, 29575 offers $2,783/mo rent that, after a $2,765/mo payment. Total monthly income is $2,783/mo. Return on cash invested measures 16.32% in year one, and rental yield stands at 5.91% at a $564,900 entry. Equity gained on principal adds $3,645/yr while 5% annual appreciation compounds into $156,071 by year five. Five-year ROI records 83.25% and total cumulative return in cash reaches $154,724. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,783/mo property income versus a $2,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
6,098 sqft 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: Megan Parker • BHHS Coastal Real Estate
Mls Name: CCAR
Mls ID: #2525125