2311 S Ocean Blvd. #624Myrtle 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
Investment property for sale in Myrtle Beach at 2311 S Ocean Blvd. #624, Myrtle Beach, SC, 29577 listed at $349,000 pairs $2,492/mo rent with a $1,708/mo payment to leave $415/mo cash flow. Total monthly income runs $2,492/mo, and annual cash flow reaches $4,976/yr on $115,694 cash to close. Return on cash invested measures 24.21% in year one, and rental yield registers 8.57% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 125.6% and total cumulative return in cash totals $145,308. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,492/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2001
N/A lot
$N/A/sqft
No 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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Listed by: The Jackson Team • BH & G Elliott Coastal Living
Mls Name: CCAR
Mls ID: #2519432