5000 N Ocean Blvd. #E-2North 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
Investment property for sale in North Myrtle Beach at 5000 N Ocean Blvd. #E-2, North Myrtle Beach, SC, 29582 uses $94,478 cash to close to unlock $3,257/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $1,968/mo, and a $1,395/mo payment keeps the spread at $271/mo. Purchase price stands at $285,000, and rental yield measures 8.29% with $1,968/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 121.04% and total cumulative return in cash records $114,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,968/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A 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: Eleonora Nora Rumbaugh • Realty ONE Group Dockside
Mls Name: CCAR
Mls ID: #2524244