2276 Essex Dr. #KMyrtle 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 Myrtle Beach at 2276 Essex Dr. #K, Myrtle Beach, SC, 29575 with 5% annual appreciation on a $144,900 basis while $1,141/mo rent supports operations. 4% in year one. Equity gained on principal adds $935/yr, and five-year appreciation sums $40,033 alongside rental yield of 9.45%. Five-year ROI measures 92.54% and total cumulative return in cash totals $44,449. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,141/mo property income versus a $709/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1995
N/A lot
$N/A/sqft
$379 monthly 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: Brendon Payne Expert Advisors Team • Century 21 The Harrelson Group
Mls Name: CCAR
Mls Provider:
Mls ID: #2518721
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.