560 White River Dr. #43GMyrtle 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
Rental property for sale in Myrtle Beach at 560 White River Dr. #43G, Myrtle Beach, SC, 29579 generates $1,376/mo in rent and, after a $891/mo payment, leaves $292/mo in cash flow. Total monthly income is $1,376/mo, and annual cash flow is $3,509/yr on $60,333 invested. Return on cash invested sits at 25.72% in year one, and rental yield is 9.07% on a $182,000 entry. Equity gained on principal adds $1,174/yr, while 5% annual appreciation builds toward $50,283 over five years. Five-year ROI reaches 133.77% and total cumulative return in cash sums $80,709. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,376/mo property income rather than buyer’s personal income.
Condo
Built in 1997
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: Filomena M Thompson • Realty ONE Group Dockside
Mls Name: CCAR
Mls ID: #2520962