703 3rd Ave. SNorth Myrtle BeachSC29582
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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 North Myrtle Beach at 703 3rd Ave. S, North Myrtle Beach, SC, 29582 at $369,000 posts ROI 21.57% with $169/mo cash flow from $2,366/mo rent. Total monthly income equals $2,366/mo, and annual cash flow records $2,034/yr on $122,324 to close. Return on cash invested measures 21.57% and rental yield reads 7.69% at the current $369,000. Equity gained on principal adds $2,381/yr, and 5% annual appreciation supports $101,948 by year five. Five-year ROI prints 111.46% and total cumulative return in cash totals $136,347.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,366/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29582, North Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,971 (100%) |
| Owner Occupied HU | 8,741 (31.3%) |
| Renter Occupied HU | 2,173 ( 7.8%) |
| Vacant Housing Units | 17,057 (61.0%) |
| Median Home Value | $429,213 |
| Average Home Value | $486,164 |
Housing Distribution
Address Breakdown
Residential
14,598
Single Family
10,230
Multi-Family
4,368
Businesses
1,216
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Listed by: Joey G Jacobs • Jacobs Real Estate
Mls Name: CCAR
Mls ID: #2600381