216 Coral Beach CircleSurfside 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 Surfside Beach at 216 Coral Beach Circle, Surfside Beach, SC, 29575 with 5% annual appreciation on a $424,900 basis while $2,590/mo rent supports operations. Total monthly income totals $2,590/mo and a $2,080/mo payment preserves $60/mo for cash returns. Annual cash flow comes to $724/yr on $140,854 deployed, and return on cash invested reaches 20.42% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,392 alongside rental yield of 7.31%. Five-year ROI measures 105.31% and total cumulative return in cash totals $148,329.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,590/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2015
6,534 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
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Listed by: Amy L Roberts • Shoreline Realty
Mls Name: CCAR
Mls ID: #2516888