614 N 37th Ave. NMyrtle 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 614 N 37th Ave. N, Myrtle Beach, SC, 29577 generates $1,630/mo in rent, after a $5,873/mo payment. Total monthly income is $1,630/mo. Return on cash invested sits at 3.35% in year one, and rental yield is 1.63% on a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 13.64% and total cumulative return in cash sums $53,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,630/mo property income rather than buyer’s personal income.
Multi Family
Built in 1981
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: Ester Esti Simantov • Own Myrtle Real Estate
Mls Name: CCAR
Mls ID: #2517667