278 Sugar Mill LoopMyrtle BeachSC29588
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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 Myrtle Beach at 278 Sugar Mill Loop, Myrtle Beach, SC, 29588 offers $2,524/mo rent that, after a $1,517/mo payment, leaves $679/mo cash flow. Total monthly income is $2,524/mo, and annual cash flow is $8,148/yr on $102,732 cash. Return on cash invested measures 27.84% in year one, and rental yield stands at 9.77% at a $309,900 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,620 by year five. Five-year ROI records 145.1% and total cumulative return in cash reaches $149,064. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,524/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
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Listed by: David ''Shavey'' M Drury • Realty ONE Group DocksideSouth
Mls Name: CCAR
Mls ID: #2523632