601 Hillside Dr N APT 2233North 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 APT 2233, North Myrtle Beach, SC, 29582 offers a 8.04% rental yield on a $372,500 purchase with $2,496/mo rent. 49% in year one. Equity gained on principal adds $2,404/yr while 5% annual appreciation supports $102,915 over five years. Portfolio math shows five-year ROI at 91.44% and total cumulative return in cash at $112,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,496/mo property income against a $1,823/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
10,018 sqft lot
$N/A/sqft
$437 monthly 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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