415 Ocean Creek Dr. #2358Myrtle 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
Rental property for sale in Myrtle Beach at 415 Ocean Creek Dr. #2358, Myrtle Beach, SC, 29572 generates $1,550/mo in rent and, after a $1,174/mo payment, leaves $122/mo in cash flow. Total monthly income is $1,550/mo, and annual cash flow is $1,465/yr on $79,527 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 7.75% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 112.47% and total cumulative return in cash sums $89,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,550/mo property income rather than buyer’s personal income.
Condo
Built in 1984
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: Becky F Parks • Leonard Call- Ocean Creek
Mls Name: CCAR
Mls ID: #2527559