6804 N Ocean Blvd. #429Myrtle BeachSC29572
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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 Myrtle Beach at 6804 N Ocean Blvd. #429, Myrtle Beach, SC, 29572 uses $49,725 cash to close to unlock $3,543/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $1,188/mo, and a $734/mo payment keeps the spread at $295/mo. Purchase price stands at $150,000, and rental yield measures 9.5% with $1,188/mo rent. Return on cash invested shows 27.03% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 140.83% and total cumulative return in cash records $70,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,188/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29572, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,424 (100%) |
| Owner Occupied HU | 4,434 (33.0%) |
| Renter Occupied HU | 2,349 (17.5%) |
| Vacant Housing Units | 6,641 (49.5%) |
| Median Home Value | $484,365 |
| Average Home Value | $523,517 |
Housing Distribution
Address Breakdown
Residential
8,575
Single Family
6,082
Multi-Family
2,493
Businesses
982
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Listed by: Spencer-Cleveland Team • The Litchfield Company RE-MB
Mls Name: CCAR
Mls ID: #2517583