6001 - M13 S Kings Hwy. #M-13Myrtle BeachSC29575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
#M-13, Myrtle Beach, SC, 29575 uses $78,201 cash to close to unlock $3,304/yr annual cash flow and $275/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,155/mo payment keeps the spread at $275/mo. Purchase price stands at $235,900, and rental yield measures 8.55% with $1,680/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $65,175 over five years. Five-year ROI reaches 125.25% and total cumulative return in cash records $97,943. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,155/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29575, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,239 (100%) |
| Owner Occupied HU | 7,983 (49.2%) |
| Renter Occupied HU | 2,316 (14.3%) |
| Vacant Housing Units | 5,940 (36.6%) |
| Median Home Value | $357,758 |
| Average Home Value | $393,262 |
Housing Distribution
Address Breakdown
Residential
12,623
Single Family
9,908
Multi-Family
2,715
Businesses
702
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Fiore • Ocean Lakes Properties
Mls Name: CCAR
Mls ID: #2528953