324 Highfield Loop #605Myrtle 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
Rental property for sale in Myrtle Beach at 324 Highfield Loop #605, Myrtle Beach, SC, 29579 generates $1,783/mo in rent, after a $1,419/mo payment. Total monthly income is $1,783/mo. Return on cash invested sits at 12.42% in year one, and rental yield is 7.38% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 65.38% and total cumulative return in cash sums $62,829. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,783/mo property income rather than buyer’s personal income.
Condo
Built in 1983
0.34 Acres lot
$N/A/sqft
$575 monthly 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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