8658 Southbridge DrMyrtle BeachSC29575
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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 8658 Southbridge Dr, Myrtle Beach, SC, 29575 priced at $192,900 converts $1,503/mo rent into $355/mo cash flow after a $944/mo obligation. Total monthly income equals $1,503/mo, and annual cash flow totals $4,258/yr on $63,946 invested. Return on cash invested prints 26.57% in year one, and rental yield reads 9.35% against a $192,900 entry. Equity gained on principal adds $1,245/yr, while 5% annual appreciation compiles into $53,295 by year five. Five-year ROI reaches 138.25% and total cumulative return in cash sums $88,403. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,503/mo property income covering a $944/mo payment, not borrower’s personal income.
Single Family
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29575, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,239 (100%) |
| Owner Occupied HU | 7,983 (49.2%) |
| Renter Occupied HU | 2,316 (14.3%) |
| Vacant Housing Units | 5,940 (36.6%) |
| Median Home Value | $357,758 |
| Average Home Value | $393,262 |
Housing Distribution
Address Breakdown
Residential
12,623
Single Family
9,908
Multi-Family
2,715
Businesses
702
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Listed by: Todd Cartner • EXIT COASTAL REAL ESTATE PROS
Mls Name: Exit Realty
Mls ID: #2520617