4687 Wild Iris Dr. #303Myrtle 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
Rental property for sale in Myrtle Beach at 4687 Wild Iris Dr. #303, Myrtle Beach, SC, 29577 generates $1,538/mo in rent and, after a $949/mo payment, leaves $384/mo in cash flow. Total monthly income is $1,538/mo, and annual cash flow is $4,605/yr on $64,278 invested. Return on cash invested sits at 27.07% in year one, and rental yield is 9.52% on a $193,900 entry. Equity gained on principal adds $1,251/yr, while 5% annual appreciation builds toward $53,571 over five years. Five-year ROI reaches 140.97% and total cumulative return in cash sums $90,613. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,538/mo property income rather than buyer’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
No 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: Moshe Ben-Ezra • Dargan Real Estate
Mls Name: CCAR
Mls ID: #2514331