317 B N Ocean Blvd.Myrtle BeachSC29575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 317 B N Ocean Blvd, Myrtle Beach, SC, 29575 priced at $1,425,000 pairs $3,118/mo rent with after a $6,975/mo payment. Total monthly income equals $3,118/mo. Return on cash invested is 6.43% in year one, and rental yield stands at 2.63% on a $1,425,000 basis. Equity gained on principal adds $9,195/yr, and 5% annual appreciation accumulates to $393,701 by year five. Five-year ROI measures 30.12% and total cumulative return in cash reaches $139,052. For financing, Ziffy Mortgage’s DSCR program evaluates $3,118/mo property income against a $6,975/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29575, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,239 (100%) |
| Owner Occupied HU | 7,983 (49.2%) |
| Renter Occupied HU | 2,316 (14.3%) |
| Vacant Housing Units | 5,940 (36.6%) |
| Median Home Value | $357,758 |
| Average Home Value | $393,262 |
Housing Distribution
Address Breakdown
Residential
12,623
Single Family
9,908
Multi-Family
2,715
Businesses
702
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Schmidt & Frasher Team • Keller Williams Innovate South
Mls Name: CCAR
Mls ID: #2519869