3300 Bay View Ct. Lot 56North Myrtle BeachSC29582
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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 North Myrtle Beach at 3300 Bay View Ct. Lot 56, North Myrtle Beach, SC, 29582 uses $165,190 cash to close to unlock $22,723/yr annual cash flow and $1,894/mo monthly cash flow. Total monthly income runs $4,860/mo, and a $2,439/mo payment keeps the spread at $1,894/mo. Purchase price stands at $498,310, and rental yield measures 11.7% with $4,860/mo rent. Return on cash invested shows 33.66% in year one, and 5% annual appreciation builds toward $137,674 over five years. Five-year ROI reaches 176.29% and total cumulative return in cash records $291,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,860/mo property income covering a $2,439/mo payment rather than investor’s personal income.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29582, North Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,971 (100%) |
| Owner Occupied HU | 8,741 (31.3%) |
| Renter Occupied HU | 2,173 ( 7.8%) |
| Vacant Housing Units | 17,057 (61.0%) |
| Median Home Value | $429,213 |
| Average Home Value | $486,164 |
Housing Distribution
Address Breakdown
Residential
14,598
Single Family
10,230
Multi-Family
4,368
Businesses
1,216
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Listed by: Preston P Kirven Jr • Lennar Carolinas LLC
Mls Name: CCAR
Mls ID: #2521999