503 20th Ave. N #25BNorth 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 503 20th Ave. N #25B, North Myrtle Beach, SC, 29582 earns $164/mo cash flow from $2,336/mo rent with a $1,786/mo payment. Total monthly income totals $2,336/mo, and annual cash flow totals $1,965/yr on $120,998 capital. ROI tracks 21.53% on current figures, and rental yield reads 7.68% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 111.24% and total cumulative return in cash sums $134,599. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,336/mo property income instead of your personal income.
Condo
Built in 1999
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: Laurie Zacher • Realty ONE Group Dockside
Mls Name: CCAR
Mls ID: #2523635