384 Myrtle Meadows Dr #421DConwaySC29526
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 384 Myrtle Meadows Dr #421D, Conway, SC, 29526 in Conway hard to pass up. The 11.79% gross yield on a $237,990 purchase results in $2,339/mo in rent and $922/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.19). Annual cash flow of $11,065, five-year appreciation of $65,752, and $2,192/yr in equity build-up combine for a projected total cumulative return of $149,406.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 7.5% |
| Monthly Cash Flow | $922 | $850 |
City averages based on Conway market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,339 |
| Total Monthly Debt Service | $1,322 |
| DSCR Ratio | 1.77x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29526, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,975 (100%) |
| Owner Occupied HU | 16,613 (69.3%) |
| Renter Occupied HU | 5,011 (20.9%) |
| Vacant Housing Units | 2,351 ( 9.8%) |
| Median Home Value | $318,937 |
| Average Home Value | $348,248 |
Housing Distribution
Address Breakdown
Residential
24,213
Single Family
22,666
Multi-Family
1,547
Businesses
1,658
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
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29526, Conway, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,975 (100%) |
| Owner Occupied HU | 16,613 (69.3%) |
| Renter Occupied HU | 5,011 (20.9%) |
| Vacant Housing Units | 2,351 ( 9.8%) |
| Median Home Value | $318,937 |
| Average Home Value | $348,248 |
Housing Distribution
Address Breakdown
Residential
24,213
Single Family
22,666
Multi-Family
1,547
Businesses
1,658
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aaron Johnson • NVR Ryan Homes
Mls Name: CCAR
Mls ID: #2524908