601 Hillside Dr N APT 3102North 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 3102, North Myrtle Beach, SC, 29582 earns $397/mo cash flow from $2,915/mo rent with a $1,730/mo payment. Total monthly income totals $2,915/mo, and annual cash flow totals $4,763/yr on $117,185 capital. ROI tracks 23.97% on current figures, and rental yield reads 9.9% at a $353,500 purchase. Equity gained on principal adds $2,281/yr, and 5% annual appreciation supports $97,666 over five years. Five-year ROI reaches 125.86% and total cumulative return in cash sums $147,489. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,915/mo property income instead of your personal income.
Condo
Built in 2005
1,083 sqft lot
$N/A/sqft
$414 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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