415 Ocean Creek Dr. #2311Myrtle 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. #2311, Myrtle Beach, SC, 29572 listed at $149,900 pairs $1,417/mo rent with a $734/mo payment to leave $524/mo cash flow. Total monthly income runs $1,417/mo, and annual cash flow reaches $6,292/yr on $49,692 cash to close. Return on cash invested measures 32.57% in year one, and rental yield registers 11.34% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 170.51% and total cumulative return in cash totals $84,731. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,417/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2020
N/A lot
$N/A/sqft
No 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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Listed by: Jan C Rusenko • Leonard Call- Ocean Creek
Mls Name: CCAR
Mls ID: #2523244