500 Wickham Dr. #1062Myrtle 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
Investment property for sale in Myrtle Beach at 500 Wickham Dr. #1062, Myrtle Beach, SC, 29579 offers a 11.22% rental yield on a $194,900 purchase with $1,823/mo rent. Total monthly income registers $1,823/mo, and a $954/mo payment leaves $663/mo available for distribution. Annual cash flow reaches $7,953/yr on $64,609 to close, and return on cash invested stands at 32.22% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 168.56% and total cumulative return in cash at $108,903. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,823/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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: Lucy Schneider • S.H. June & Associates, LLC
Mls Name: CCAR
Mls ID: #2524509