6001-U21 S Kings Highway #U21Myrtle BeachSC29575
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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 6001-U21 S Kings Highway #U21, Myrtle Beach, SC, 29575 uses $84,533 cash to close to unlock $1,946/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,248/mo payment keeps the spread at $162/mo. Purchase price stands at $255,000, and rental yield measures 7.91% with $1,680/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 114.94% and total cumulative return in cash records $97,160. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
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
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Listed by: Michael B Minter • Ocean Lakes Properties
Mls Name: CCAR
Mls ID: #2601547