508 63rd Ave. N #5Myrtle BeachSC29572
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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 508 63rd Ave. N #5, Myrtle Beach, SC, 29572 offers a 16.95% rental yield on a $131,000 purchase with $1,850/mo rent. Total monthly income registers $1,850/mo, and a $641/mo payment leaves $1,070/mo available for distribution. Annual cash flow reaches $12,844/yr on $43,427 to close, and return on cash invested stands at 49.49% in year one. Equity gained on principal adds $845/yr while 5% annual appreciation supports $36,193 over five years. Portfolio math shows five-year ROI at 261.22% and total cumulative return in cash at $113,441. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,850/mo property income against a $641/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29572, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,424 (100%) |
| Owner Occupied HU | 4,434 (33.0%) |
| Renter Occupied HU | 2,349 (17.5%) |
| Vacant Housing Units | 6,641 (49.5%) |
| Median Home Value | $484,365 |
| Average Home Value | $523,517 |
Housing Distribution
Address Breakdown
Residential
8,575
Single Family
6,082
Multi-Family
2,493
Businesses
982
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Listed by: The Eric Graham Team • INNOVATE Real Estate
Mls Name: CCAR
Mls Provider:
Mls ID: #2521222
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.