4801 Luster Leaf Circle #104Myrtle 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 4801 Luster Leaf Circle #104, Myrtle Beach, SC, 29577 generates $2,022/mo in rent and, after a $1,292/mo payment, leaves $451/mo in cash flow. Total monthly income is $2,022/mo, and annual cash flow is $5,407/yr on $87,516 invested. Return on cash invested sits at 26.09% in year one, and rental yield is 9.19% on a $264,000 entry. Equity gained on principal adds $1,704/yr, while 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 135.68% and total cumulative return in cash sums $118,741. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,022/mo property income rather than buyer’s personal income.
Condo
Built in 2005
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: Keith Baker • CENTURY 21 Broadhurst
Mls Name: CCAR
Mls ID: #2601589