601 Hillside Dr. N #1405North Myrtle BeachSC29582
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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 North Myrtle Beach at 601 Hillside Dr. N #1405, North Myrtle Beach, SC, 29582 listed at $485,000 pairs $2,898/mo rent with a $2,374/mo payment to leave $11/mo cash flow. Total monthly income runs $2,898/mo, and annual cash flow reaches $129/yr on $160,778 cash to close. Return on cash invested measures 19.99% in year one, and rental yield registers 7.17% at a $485,000 basis. Equity gained on principal adds $3,130/yr, and annual property appreciation at 5% supports $133,997 by year five. Five-year ROI tracks 102.96% and total cumulative return in cash totals $165,530. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,898/mo property income relative to a $2,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29582, North Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,971 (100%) |
| Owner Occupied HU | 8,741 (31.3%) |
| Renter Occupied HU | 2,173 ( 7.8%) |
| Vacant Housing Units | 17,057 (61.0%) |
| Median Home Value | $429,213 |
| Average Home Value | $486,164 |
Housing Distribution
Address Breakdown
Residential
14,598
Single Family
10,230
Multi-Family
4,368
Businesses
1,216
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Listed by: Adam Levy • Century 21 The Harrelson Group
Mls Name: CCAR
Mls ID: #2527718