212 Myrtle Grande Dr.ConwaySC29526
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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 Conway at 212 Myrtle Grande Dr, Conway, SC, 29526 uses $111,053 cash to close to unlock $1,746/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $2,140/mo, and a $1,640/mo payment keeps the spread at $145/mo. Purchase price stands at $335,000, and rental yield measures 7.67% with $2,140/mo rent. Return on cash invested shows 21.48% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 110.98% and total cumulative return in cash records $123,248. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,140/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 2010
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29526, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,975 (100%) |
| Owner Occupied HU | 16,613 (69.3%) |
| Renter Occupied HU | 5,011 (20.9%) |
| Vacant Housing Units | 2,351 ( 9.8%) |
| Median Home Value | $318,937 |
| Average Home Value | $348,248 |
Housing Distribution
Address Breakdown
Residential
24,213
Single Family
22,666
Multi-Family
1,547
Businesses
1,658
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Listed by: Diana J Barth • RE/MAX Southern Shores
Mls Name: CCAR
Mls ID: #2525384