532 Magnolia Terrace DrMyrtle 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
Investment property for sale in Myrtle Beach at 532 Magnolia Terrace Dr, Myrtle Beach, SC, 29579 at $414,200 posts ROI 24.32% with $505/mo cash flow from $2,970/mo rent. Total monthly income equals $2,970/mo, and annual cash flow records $6,056/yr on $137,307 to close. Return on cash invested measures 24.32% and rental yield reads 8.6% at the current $414,200. Equity gained on principal adds $2,673/yr, and 5% annual appreciation supports $114,436 by year five. Five-year ROI prints 126.19% and total cumulative return in cash totals $173,266.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,970/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
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: N/A • N/A
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A