215 77th Ave. N #515Myrtle 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 215 77th Ave. N #515, Myrtle Beach, SC, 29572 earns $45/mo cash flow from $2,366/mo rent with a $1,908/mo payment. Total monthly income totals $2,366/mo, and annual cash flow totals $544/yr on $129,252 capital. ROI tracks 20.33% on current figures, and rental yield reads 7.28% at a $389,900 purchase. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 over five years. Five-year ROI reaches 104.81% and total cumulative return in cash sums $135,469. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,366/mo property income instead of your personal income.
Condo
Built in 2008
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: Gene Carter • RE/MAX Southern Shores
Mls Name: CCAR
Mls ID: #2529761