206 Green Lake DrMyrtle 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 206 Green Lake Dr, Myrtle Beach, SC, 29572 listed at $1,467,100 pairs $5,189/mo rent with a $7,181/mo payment. Total monthly income runs $5,189/mo. Return on cash invested measures 11.42% in year one, and rental yield registers 4.24% at a $1,467,100 basis. Equity gained on principal adds $9,467/yr, and annual property appreciation at 5% supports $405,333 by year five. Five-year ROI tracks 56.92% and total cumulative return in cash totals $270,542. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,189/mo property income relative to a $7,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.56 Acres 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: N/A • N/A
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