645 Hemlock Ave. #-Myrtle 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 645 Hemlock Ave. #-, Myrtle Beach, SC, 29577 offers $2,141/mo rent that, after a $1,322/mo payment, leaves $533/mo cash flow. Total monthly income is $2,141/mo, and annual cash flow is $6,399/yr on $89,505 cash. Return on cash invested measures 27.06% in year one, and rental yield stands at 9.52% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 140.91% and total cumulative return in cash reaches $126,121. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,141/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1958
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: MCMT Global Team • CB Sea Coast Advantage CF
Mls Name: CCAR
Mls ID: #2524020