5400 Little River Neck Rd. #269North 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 5400 Little River Neck Rd. #269, North Myrtle Beach, SC, 29582 uses $49,394 cash to close to unlock $3,100/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $1,145/mo, and a $729/mo payment keeps the spread at $258/mo. Purchase price stands at $149,000, and rental yield measures 9.22% with $1,145/mo rent. Return on cash invested shows 26.18% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 136.25% and total cumulative return in cash records $67,300. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,145/mo property income covering a $729/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
3,049 sqft 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: Tonya L Krimminger • TK Properties
Mls Name: CCAR
Mls ID: #2514907