502 Hay Hill Ln. #CMyrtle 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 502 Hay Hill Ln. #C, Myrtle Beach, SC, 29579 priced at $259,900 converts $2,416/mo rent into $869/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,416/mo, and annual cash flow totals $10,427/yr on $86,157 invested. Return on cash invested prints 32.01% in year one, and rental yield reads 11.16% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 167.43% and total cumulative return in cash sums $144,250. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,416/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Townhouse
Built in 2007
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: Gerry Gilbert • Omni Real Estate MB
Mls Name: CCAR
Mls ID: #2524316