9449 Freewoods Rd.Myrtle BeachSC29588
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
Total monthly income runs $4,004/mo, and a $4,772/mo payment. Purchase price stands at $975,000, and rental yield measures 4.93% with $4,004/mo rent. Return on cash invested shows 13.33% in year one, and 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 67.21% and total cumulative return in cash records $215,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,004/mo property income covering a $4,772/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Waterway Living Team • INNOVATE Real Estate
Mls Name: CCAR
Mls ID: #2511172