33 Plantation Rd.Myrtle BeachSC29588
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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 33 Plantation Rd, Myrtle Beach, SC, 29588 priced at $117,000 converts $929/mo rent into $232/mo cash flow after a $573/mo obligation. Total monthly income equals $929/mo, and annual cash flow totals $2,786/yr on $38,786 invested. Return on cash invested prints 27.09% in year one, and rental yield reads 9.53% against a $117,000 entry. Equity gained on principal adds $755/yr, while 5% annual appreciation compiles into $32,325 by year five. Five-year ROI reaches 141.18% and total cumulative return in cash sums $54,757. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $929/mo property income covering a $573/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
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Listed by: Christina Merritt • Carolina Pines Realty
Mls Name: CCAR
Mls ID: #2600719