291 Connemara Dr. #EMyrtle 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 291 Connemara Dr. #E, Myrtle Beach, SC, 29579 with 5% annual appreciation on a $250,000 basis while $2,189/mo rent supports operations. Total monthly income totals $2,189/mo and a $1,224/mo payment preserves $700/mo for cash returns. Annual cash flow comes to $8,405/yr on $82,875 deployed, and return on cash invested reaches 30.05% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 10.51%. Five-year ROI measures 156.96% and total cumulative return in cash totals $130,078.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,189/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2006
N/A lot
$N/A/sqft
No 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: Alayna DeFalco • DeFalco Realty, LLC
Mls Name: CCAR
Mls ID: #2520947