7509 N Ocean Blvd #1205Myrtle 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 7509 N Ocean Blvd #1205, Myrtle Beach, SC, 29572 listed at $231,900 pairs $1,933/mo rent with a $1,135/mo payment to leave $383/mo cash flow. Total monthly income runs $1,933/mo, and annual cash flow reaches $4,591/yr on $76,875 cash to close. Return on cash invested measures 25.88% in year one, and rental yield registers 10% at a $231,900 basis. Equity gained on principal adds $1,496/yr, and annual property appreciation at 5% supports $64,070 by year five. Five-year ROI tracks 135.54% and total cumulative return in cash totals $104,199. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,933/mo property income relative to a $1,135/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
4,356 sqft lot
$N/A/sqft
$141 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
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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