583 Southern Pines Dr.Myrtle 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 583 Southern Pines Dr, Myrtle Beach, SC, 29579 uses $36,465 cash to close to unlock $15,931/yr annual cash flow and $1,328/mo monthly cash flow. Total monthly income runs $1,982/mo, and a $538/mo payment keeps the spread at $1,328/mo. Purchase price stands at $110,000, and rental yield measures 21.62% with $1,982/mo rent. Return on cash invested shows 63.6% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 336.81% and total cumulative return in cash records $122,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,982/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 2020
8,276 sqft 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: The Mills Group Team • Century 21 Barefoot Realty
Mls Name: CCAR
Mls Provider:
Mls ID: #2511122
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.