601 6th Ave. SMyrtle 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
Rental property for sale in Myrtle Beach at 601 6th Ave. S, Myrtle Beach, SC, 29577 offers $829/mo rent that, after a $519/mo payment, leaves $198/mo cash flow. Total monthly income is $829/mo, and annual cash flow is $2,374/yr on $35,139 cash. Return on cash invested measures 26.66% in year one, and rental yield stands at 9.38% at a $106,000 entry. Equity gained on principal adds $684/yr while 5% annual appreciation compounds into $29,286 by year five. Five-year ROI records 138.76% and total cumulative return in cash reaches $48,760. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $829/mo property income versus a $519/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
N/A lot
$N/A/sqft
No 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: Advantage Agent Group • Agent Group Realty
Mls Name: CCAR
Mls Provider:
Mls ID: #2500831
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.