510 Fairwood Lakes Dr. UNIT 17-RMyrtle BeachSC29588
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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 510 Fairwood Lakes Dr. UNIT 17-R, Myrtle Beach, SC, 29588 generates $1,041/mo in rent, after a $668/mo payment. Total monthly income is $1,041/mo. Return on cash invested sits at 18.15% in year one, and rental yield is 9.16% on a $136,400 entry. Equity gained on principal adds $880/yr, while 5% annual appreciation builds toward $37,685 over five years. Five-year ROI reaches 95.96% and total cumulative return in cash sums $43,388. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,041/mo property income rather than buyer’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$295 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
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Listed by: Advantage Agent Group • Agent Group Realty
Mls Name: CCAR
Mls Provider:
Mls ID: #2426703
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.