415 Ocean Creek Dr #2216Myrtle BeachSC29572
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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 415 Ocean Creek Dr #2216, Myrtle Beach, SC, 29572 uses $50,521 cash to close to unlock $1,838/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $1,519/mo, and a $746/mo payment keeps the spread at $153/mo. Purchase price stands at $152,400, and rental yield measures 11.96% with $1,519/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $42,105 over five years. Five-year ROI reaches 126.06% and total cumulative return in cash records $63,687. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,519/mo property income covering a $746/mo payment rather than investor’s personal income.
Condo
Built in 2020
0.63 Acres lot
$N/A/sqft
$423 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29572, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,424 (100%) |
| Owner Occupied HU | 4,434 (33.0%) |
| Renter Occupied HU | 2,349 (17.5%) |
| Vacant Housing Units | 6,641 (49.5%) |
| Median Home Value | $484,365 |
| Average Home Value | $523,517 |
Housing Distribution
Address Breakdown
Residential
8,575
Single Family
6,082
Multi-Family
2,493
Businesses
982
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