6616 Wintergreen PointMyrtle BeachSC29588
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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 6616 Wintergreen Point, Myrtle Beach, SC, 29588 generates $1,939/mo in rent and, after a $1,223/mo payment, leaves $452/mo in cash flow. Total monthly income is $1,939/mo, and annual cash flow is $5,418/yr on $82,842 invested. Return on cash invested sits at 26.45% in year one, and rental yield is 9.31% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 137.63% and total cumulative return in cash sums $114,014. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,939/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
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Listed by: Steve Morrow • INNOVATE Real Estate
Mls Name: CCAR
Mls ID: #2529341