220 Landing Rd. #GNorth Myrtle BeachSC29582
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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
Rental property for sale in North Myrtle Beach at 220 Landing Rd. #G, North Myrtle Beach, SC, 29582 priced at $279,900 converts $1,994/mo rent into $328/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,994/mo, and annual cash flow totals $3,933/yr on $92,787 invested. Return on cash invested prints 24.15% in year one, and rental yield reads 8.55% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 125.27% and total cumulative return in cash sums $116,233. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,994/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29582, North Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,971 (100%) |
| Owner Occupied HU | 8,741 (31.3%) |
| Renter Occupied HU | 2,173 ( 7.8%) |
| Vacant Housing Units | 17,057 (61.0%) |
| Median Home Value | $429,213 |
| Average Home Value | $486,164 |
Housing Distribution
Address Breakdown
Residential
14,598
Single Family
10,230
Multi-Family
4,368
Businesses
1,216
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Listed by: Gary D Clark • Century 21 Barefoot Realty
Mls Name: CCAR
Mls ID: #2528725