7509 N Ocean Blvd #102Myrtle 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 7509 N Ocean Blvd #102, Myrtle Beach, SC, 29572 generates $1,657/mo in rent and, after a $653/mo payment, leaves $601/mo in cash flow. Total monthly income is $1,657/mo, and annual cash flow is $7,215/yr on $44,255 invested. Return on cash invested sits at 36.21% in year one, and rental yield is 14.89% on a $133,500 entry. Equity gained on principal adds $861/yr, while 5% annual appreciation builds toward $36,884 over five years. Five-year ROI reaches 192.6% and total cumulative return in cash sums $85,234. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,657/mo property income rather than buyer’s personal income.
Condo
Built in 1985
4,356 sqft lot
$N/A/sqft
$144 monthly 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A