232 Palm Cove Circle Palm CvMyrtle BeachSC29588
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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 232 Palm Cove Circle Palm Cv, Myrtle Beach, SC, 29588 with 5% annual appreciation on a $336,100 basis while $3,120/mo rent supports operations. Total monthly income totals $3,120/mo and a $1,645/mo payment preserves $1,119/mo for cash returns. Annual cash flow comes to $13,431/yr on $111,417 deployed, and return on cash invested reaches 31.96% in year one. Equity gained on principal adds $2,169/yr, and five-year appreciation sums $92,858 alongside rental yield of 11.14%. Five-year ROI measures 167.19% and total cumulative return in cash totals $186,282.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,120/mo property income versus a $1,645/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A