2402 Via Palma Dr.North Myrtle BeachSC29582
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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 North Myrtle Beach at 2402 Via Palma Dr, North Myrtle Beach, SC, 29582 priced at $774,900 converts $3,480/mo rent into after a $3,793/mo obligation. Total monthly income equals $3,480/mo. Return on cash invested prints 13.95% in year one, and rental yield reads 5.39% against a $774,900 entry. Equity gained on principal adds $5,000/yr, while 5% annual appreciation compiles into $214,091 by year five. Five-year ROI reaches 70.82% and total cumulative return in cash sums $180,539. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,480/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Single Family
Built in 2015
6,969 sqft lot
$N/A/sqft
$72 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29582, North Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,971 (100%) |
| Owner Occupied HU | 8,741 (31.3%) |
| Renter Occupied HU | 2,173 ( 7.8%) |
| Vacant Housing Units | 17,057 (61.0%) |
| Median Home Value | $429,213 |
| Average Home Value | $486,164 |
Housing Distribution
Address Breakdown
Residential
14,598
Single Family
10,230
Multi-Family
4,368
Businesses
1,216
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Listed by: Blake Sloan • Sloan Realty Group
Mls Name: CCAR
Mls Provider:
Mls ID: #2507907
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.