2207 S Ocean BlvdMyrtle BeachSC29577
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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 Myrtle Beach at 2207 S Ocean Blvd, Myrtle Beach, SC, 29577 priced at $149,800 converts $1,541/mo rent into $5/mo cash flow after a $733/mo obligation. Total monthly income equals $1,541/mo, and annual cash flow totals $58/yr on $49,659 invested. Return on cash invested prints 20.03% in year one, and rental yield reads 12.34% against a $149,800 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,387 by year five. Five-year ROI reaches 108.82% and total cumulative return in cash sums $54,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,541/mo property income covering a $733/mo payment, not borrower’s personal income.
Condo
Built in 1998
0.80 Acres lot
$N/A/sqft
$528 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29577, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,187 (100%) |
| Owner Occupied HU | 10,767 (44.5%) |
| Renter Occupied HU | 7,443 (30.8%) |
| Vacant Housing Units | 5,977 (24.7%) |
| Median Home Value | $386,984 |
| Average Home Value | $425,164 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
16,599
Multi-Family
4,376
Businesses
2,968
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