4006 Fairway Lakes Dr. UNIT 4006Myrtle BeachSC29577
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 4006 Fairway Lakes Dr. Total monthly income runs $2,375/mo, and a $1,909/mo payment. Purchase price stands at $390,000, and rental yield measures 7.31% with $2,375/mo rent. Return on cash invested shows 18.9% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 97.68% and total cumulative return in cash records $126,284. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,375/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
$162 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29577, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,187 (100%) |
| Owner Occupied HU | 10,767 (44.5%) |
| Renter Occupied HU | 7,443 (30.8%) |
| Vacant Housing Units | 5,977 (24.7%) |
| Median Home Value | $386,984 |
| Average Home Value | $425,164 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
16,599
Multi-Family
4,376
Businesses
2,968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barton Barry Thigpen Jr • RE/MAX Executive
Mls Name: CCAR
Mls Provider:
Mls ID: #2509552
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.