3301 Mid Summer Lane Lot 32North 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 3301 Mid Summer Lane Lot 32, North Myrtle Beach, SC, 29582 earns $1,678/mo cash flow from $4,860/mo rent with a $2,616/mo payment. Total monthly income totals $4,860/mo, and annual cash flow totals $20,139/yr on $175,870 capital. ROI tracks 31.51% on current figures, and rental yield reads 10.91% at a $534,560 purchase. Equity gained on principal adds $3,449/yr, and 5% annual appreciation supports $147,689 over five years. Five-year ROI reaches 164.72% and total cumulative return in cash sums $289,702. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,860/mo property income instead of your personal income.
Single Family
Built in 2025
7,405 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 • Lennar Sales Corp.
Mls Name: Hive MLS
Mls ID: #100508231