9550 Shore DrMyrtle 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, Myrtle Beach, SC, 29572 earns $252/mo cash flow from $1,816/mo rent with a $974/mo payment. Total monthly income totals $1,816/mo, and annual cash flow totals $3,029/yr on $65,969 capital. ROI tracks 24.5% on current figures, and rental yield reads 10.95% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 129.69% and total cumulative return in cash sums $85,554. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,816/mo property income instead of your personal income.
Condo
Built in 1974
0.69 Acres lot
$N/A/sqft
$379 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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