9550 Shore Dr. #418Myrtle 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 9550 Shore Dr. #418, Myrtle Beach, SC, 29572 uses $41,769 cash to close to unlock $2,792/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $983/mo, and a $617/mo payment keeps the spread at $233/mo. Purchase price stands at $126,000, and rental yield measures 9.36% with $983/mo rent. Return on cash invested shows 26.59% in year one, and 5% annual appreciation builds toward $34,811 over five years. Five-year ROI reaches 138.41% and total cumulative return in cash records $57,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $983/mo property income covering a $617/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No 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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Listed by: Sharon M Dudley • North Beach Realty
Mls Name: CCAR
Mls ID: #2523881