4355 Willoughby Ln. #401Myrtle 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 4355 Willoughby Ln. #401, Myrtle Beach, SC, 29577 earns $415/mo cash flow from $2,969/mo rent with a $1,566/mo payment. Total monthly income totals $2,969/mo, and annual cash flow totals $4,984/yr on $106,080 capital. ROI tracks 24.61% on current figures, and rental yield reads 11.13% at a $320,000 purchase. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 over five years. Five-year ROI reaches 130.41% and total cumulative return in cash sums $138,339. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,969/mo property income instead of your personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$649 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: Ashley C DeLong • RE/MAX Southern Shores
Mls Name: CCAR
Mls Provider:
Mls ID: #2511689
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 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.