471 Oakmont Dr.Myrtle BeachSC29579
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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 471 Oakmont Dr, Myrtle Beach, SC, 29579 priced at $262,500 pairs $2,063/mo rent with $288/mo cash flow after a $1,285/mo payment. Total monthly income equals $2,063/mo, and annual cash flow comes to $3,453/yr on $87,019 invested. Return on cash invested is 23.88% in year one, and rental yield stands at 9.43% on a $262,500 basis. Equity gained on principal adds $1,694/yr, and 5% annual appreciation accumulates to $72,524 by year five. Five-year ROI measures 124.87% and total cumulative return in cash reaches $108,658. For financing, Ziffy Mortgage’s DSCR program evaluates $2,063/mo property income against a $1,285/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
6,969 sqft lot
$N/A/sqft
$28 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29579, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,319 (100%) |
| Owner Occupied HU | 17,677 (60.3%) |
| Renter Occupied HU | 7,507 (25.6%) |
| Vacant Housing Units | 4,135 (14.1%) |
| Median Home Value | $370,725 |
| Average Home Value | $418,546 |
Housing Distribution
Address Breakdown
Residential
29,078
Single Family
23,909
Multi-Family
5,169
Businesses
1,094
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Listed by: The Abe Safa Team • Century 21 The Harrelson Group
Mls Name: CCAR
Mls Provider:
Mls ID: #2419207
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 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.