259 Christiana Ln. UNIT BMyrtle BeachSC29579
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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 259 Christiana Ln. UNIT B, Myrtle Beach, SC, 29579 with 5% annual appreciation on a $234,990 basis while $2,052/mo rent supports operations. Total monthly income totals $2,052/mo and a $1,150/mo payment preserves $448/mo for cash returns. Annual cash flow comes to $5,380/yr on $77,899 deployed, and return on cash invested reaches 26.81% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,923 alongside rental yield of 10.48%. Five-year ROI measures 140.75% and total cumulative return in cash totals $109,645.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,052/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2024
N/A lot
$N/A/sqft
$205 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29579, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,319 (100%) |
| Owner Occupied HU | 17,677 (60.3%) |
| Renter Occupied HU | 7,507 (25.6%) |
| Vacant Housing Units | 4,135 (14.1%) |
| Median Home Value | $370,725 |
| Average Home Value | $418,546 |
Housing Distribution
Address Breakdown
Residential
29,078
Single Family
23,909
Multi-Family
5,169
Businesses
1,094
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Listed by: Ingrid Montes Olivera • NVR Ryan Homes
Mls Name: CCAR
Mls Provider:
Mls ID: #2423974
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 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.