2801 S Ocean Blvd. UNIT 1538North 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 2801 S Ocean Blvd. UNIT 1538, North Myrtle Beach, SC, 29582 listed at $252,700 pairs $1,223/mo rent with a $1,237/mo payment. Total monthly income runs $1,223/mo. Return on cash invested measures 8.11% in year one, and rental yield registers 5.81% at a $252,700 basis. Equity gained on principal adds $1,631/yr, and annual property appreciation at 5% supports $69,816 by year five. Five-year ROI tracks 42.11% and total cumulative return in cash totals $35,274. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,223/mo property income relative to a $1,237/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2001
N/A lot
$N/A/sqft
$542 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: Traci Miles Team • CENTURY 21 Boling & Associates
Mls Name: CCAR
Mls Provider:
Mls ID: #2500423
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.