2507 S Ocean Blvd #506North 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 2507 S Ocean Blvd #506, North Myrtle Beach, SC, 29582 earns from $2,610/mo rent with a $2,422/mo payment. Total monthly income totals $2,610/mo. ROI tracks 17.45% on current figures, and rental yield reads 6.33% at a $494,900 purchase. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,732 over five years. Five-year ROI reaches 89.38% and total cumulative return in cash sums $146,631. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,610/mo property income instead of your personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No 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: Tina Schildt • TMS Property Management & Realty LLC
Mls Name: My State MLS
Mls ID: #11519935