296 West Palms Dr.Myrtle 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 296 West Palms Dr, Myrtle Beach, SC, 29579 listed at $1,465,000 pairs $4,915/mo rent with a $7,170/mo payment. Total monthly income runs $4,915/mo. Return on cash invested measures 10.75% in year one, and rental yield registers 4.03% at a $1,465,000 basis. Equity gained on principal adds $9,453/yr, and annual property appreciation at 5% supports $404,752 by year five. Five-year ROI tracks 53.31% and total cumulative return in cash totals $253,023. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,915/mo property income relative to a $7,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2017
9,147 sqft 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: Douglas Rollins • Century 21 Stopper &Associates
Mls Name: CCAR
Mls ID: #2518769