415 Ocean Creek DrMyrtle 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, Myrtle Beach, SC, 29572 offers a 11.54% rental yield on a $166,700 purchase with $1,603/mo rent. 87% in year one. Equity gained on principal adds $1,076/yr while 5% annual appreciation supports $46,056 over five years. Portfolio math shows five-year ROI at 102.09% and total cumulative return in cash at $56,417. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,603/mo property income against a $816/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
0.63 Acres lot
$N/A/sqft
$528 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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Nearby investment properties with comparable prices
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