504 N Ocean Blvd. #701Myrtle BeachSC29577
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 504 N Ocean Blvd. #701, Myrtle Beach, SC, 29577 listed at $156,900 pairs $1,507/mo rent with a $768/mo payment to leave $573/mo cash flow. Total monthly income runs $1,507/mo, and annual cash flow reaches $6,875/yr on $52,012 cash to close. Return on cash invested measures 33.13% in year one, and rental yield registers 11.53% at a $156,900 basis. Equity gained on principal adds $1,012/yr, and annual property appreciation at 5% supports $43,349 by year five. Five-year ROI tracks 173.41% and total cumulative return in cash totals $90,192. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,507/mo property income relative to a $768/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29577, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,187 (100%) |
| Owner Occupied HU | 10,767 (44.5%) |
| Renter Occupied HU | 7,443 (30.8%) |
| Vacant Housing Units | 5,977 (24.7%) |
| Median Home Value | $386,984 |
| Average Home Value | $425,164 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
16,599
Multi-Family
4,376
Businesses
2,968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Regis Santos • RE/MAX Southern Shores GC
Mls Name: CCAR
Mls ID: #2527418