412 28th Ave. N UNIT CMyrtle BeachSC29577
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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 412 28th Ave. N UNIT C, Myrtle Beach, SC, 29577 listed at $286,500 pairs $2,182/mo rent with a $1,402/mo payment to leave $378/mo cash flow. Total monthly income runs $2,182/mo, and annual cash flow reaches $4,531/yr on $94,975 cash to close. Return on cash invested measures 24.68% in year one, and rental yield registers 9.14% at a $286,500 basis. Equity gained on principal adds $1,849/yr, and annual property appreciation at 5% supports $79,155 by year five. Five-year ROI tracks 128.57% and total cumulative return in cash totals $122,109. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,182/mo property income relative to a $1,402/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1994
N/A lot
$N/A/sqft
$51 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
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Listed by: The Advantage Group • Agent Group Realty
Mls Name: CCAR
Mls Provider:
Mls ID: #2413841
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 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.