5523 N Ocean Blvd. UNIT 508Myrtle BeachSC29577
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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 5523 N Ocean Blvd. UNIT 508, Myrtle Beach, SC, 29577 earns from $1,574/mo rent with a $1,086/mo payment. Total monthly income totals $1,574/mo. ROI tracks 12.62% on current figures, and rental yield reads 8.51% at a $221,900 purchase. Equity gained on principal adds $1,432/yr, and 5% annual appreciation supports $61,307 over five years. Five-year ROI reaches 67.63% and total cumulative return in cash sums $49,748. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,574/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$700 monthly 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
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Listed by: Yana Lynch • Fidei Real Estate Int'l
Mls Name: CCAR
Mls Provider:
Mls ID: #2417090
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2024 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.