348 River Edge Dr. Phase 3A Lot 348Myrtle BeachSC29588
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 348 River Edge Dr. Phase 3A Lot 348, Myrtle Beach, SC, 29588 earns $448/mo cash flow from $3,120/mo rent with a $2,197/mo payment. Total monthly income totals $3,120/mo, and annual cash flow totals $5,374/yr on $148,824 capital. ROI tracks 23.52% on current figures, and rental yield reads 8.34% at a $448,940 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,034 over five years. Five-year ROI reaches 121.88% and total cumulative return in cash sums $181,389. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,120/mo property income instead of your personal income.
Single Family
Built in 2025
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael J Scales • Pulte Home Company, LLC
Mls Name: CCAR
Mls ID: #2529900