2401 S Ocean Blvd. #252Myrtle BeachSC29577
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2401 S Ocean Blvd. #252, Myrtle Beach, SC, 29577 generates $1,580/mo in rent and, after a $1,003/mo payment, leaves $360/mo in cash flow. Total monthly income is $1,580/mo, and annual cash flow is $4,322/yr on $67,924 invested. Return on cash invested sits at 26.27% in year one, and rental yield is 9.25% on a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 136.72% and total cumulative return in cash sums $92,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,580/mo property income rather than buyer’s personal income.
Condo
Built in 1986
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bradley A Bennett • Ocean Front Guru Real Estate
Mls Name: CCAR
Mls ID: #2521154