6900 Ocean Blvd. N #1205Myrtle BeachSC29572
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ocean Blvd. N #1205, Myrtle Beach, SC, 29572 generates $1,554/mo in rent and, after a $827/mo payment, leaves $548/mo in cash flow. Total monthly income is $1,554/mo, and annual cash flow is $6,579/yr on $55,990 invested. Return on cash invested sits at 31.66% in year one, and rental yield is 11.04% on a $168,900 entry. Equity gained on principal adds $1,090/yr, while 5% annual appreciation builds toward $46,664 over five years. Five-year ROI reaches 165.61% and total cumulative return in cash sums $92,724. 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Greg T Warren • BeachConnection Realty
Mls Name: CCAR
Mls ID: #2417080