338 River Edge Dr. Phase 3A Lot 346Myrtle 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
Investment property for sale in Myrtle Beach at 338 River Edge Dr. Phase 3A Lot 346, Myrtle Beach, SC, 29588 listed at $424,975 pairs $3,082/mo rent with a $2,080/mo payment to leave $552/mo cash flow. Total monthly income runs $3,082/mo, and annual cash flow reaches $6,627/yr on $140,879 cash to close. Return on cash invested measures 24.61% in year one, and rental yield registers 8.7% at a $424,975 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,413 by year five. Five-year ROI tracks 127.78% and total cumulative return in cash totals $180,021. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,082/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
6,969 sqft 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: April M Neely • Pulte Home Company, LLC
Mls Name: CCAR
Mls ID: #2524253