4985 Salt Creek Ct. #"Bikini Bottom"North Myrtle BeachSC29582
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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 North Myrtle Beach at 4985 Salt Creek Ct. #"Bikini Bottom", North Myrtle Beach, SC, 29582 offers $3,224/mo rent that, after a $4,160/mo payment. Total monthly income is $3,224/mo. Return on cash invested measures 12.18% in year one, and rental yield stands at 4.55% at a $850,000 entry. Equity gained on principal adds $5,485/yr while 5% annual appreciation compounds into $234,839 by year five. Five-year ROI records 61.08% and total cumulative return in cash reaches $170,806. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,224/mo property income versus a $4,160/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29582, North Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,971 (100%) |
| Owner Occupied HU | 8,741 (31.3%) |
| Renter Occupied HU | 2,173 ( 7.8%) |
| Vacant Housing Units | 17,057 (61.0%) |
| Median Home Value | $429,213 |
| Average Home Value | $486,164 |
Housing Distribution
Address Breakdown
Residential
14,598
Single Family
10,230
Multi-Family
4,368
Businesses
1,216
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Listed by: Reena Artz Team • CB Sea Coast Advantage CF
Mls Name: CCAR
Mls ID: #2520623