3000 N Ocean Blvd #1127Myrtle BeachSC29577
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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 3000 N Ocean Blvd #1127, Myrtle Beach, SC, 29577 uses $84,533 cash to close to unlock $2,690/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,742/mo, and a $1,248/mo payment keeps the spread at $224/mo. Purchase price stands at $255,000, and rental yield measures 8.2% with $1,742/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 119.64% and total cumulative return in cash records $101,132. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,742/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29577, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,187 (100%) |
| Owner Occupied HU | 10,767 (44.5%) |
| Renter Occupied HU | 7,443 (30.8%) |
| Vacant Housing Units | 5,977 (24.7%) |
| Median Home Value | $386,984 |
| Average Home Value | $425,164 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
16,599
Multi-Family
4,376
Businesses
2,968
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Listed by: Rick W Knight • Highgarden Real Estate of NC
Mls Name: Hive MLS
Mls ID: #100515290