6900 N Ocean Blvd. #1406Myrtle 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
Rental property for sale in Myrtle Beach at 6900 N Ocean Blvd. #1406, Myrtle Beach, SC, 29572 generates $1,554/mo in rent and, after a $783/mo payment, leaves $602/mo in cash flow. Total monthly income is $1,554/mo, and annual cash flow is $7,221/yr on $53,007 invested. Return on cash invested sits at 33.53% in year one, and rental yield is 11.66% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 175.6% and total cumulative return in cash sums $93,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Condo
Built in 1960
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: Daniel Diaz Calderon • Nitor Realty LLC
Mls Name: CCAR
Mls ID: #2528134