2406 Kings Bay Dr. UNIT 2406North 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
Investment property for sale in North Myrtle Beach at 2406 Kings Bay Dr. UNIT 2406, North Myrtle Beach, SC, 29582 listed at $401,999 pairs $3,205/mo rent with a $1,968/mo payment to leave $262/mo cash flow. Total monthly income runs $3,205/mo, and annual cash flow reaches $3,139/yr on $133,263 cash to close. Return on cash invested measures 22.26% in year one, and rental yield registers 9.57% at a $401,999 basis. Equity gained on principal adds $2,594/yr, and annual property appreciation at 5% supports $111,065 by year five. Five-year ROI tracks 116.96% and total cumulative return in cash totals $155,863. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,205/mo property income relative to a $1,968/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2019
3,049 sqft lot
$N/A/sqft
$550 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: Anjanette Fluharty • Scalise Realty Powered by KW
Mls Name: CCAR
Mls Provider:
Mls ID: #2421134
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.