990 Palisade CircleMyrtle BeachSC29577
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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 990 Palisade Circle, Myrtle Beach, SC, 29577 priced at $299,999 converts $2,020/mo rent into $235/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,020/mo, and annual cash flow totals $2,814/yr on $99,450 invested. Return on cash invested prints 22.74% in year one, and rental yield reads 8.08% against a $299,999 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 117.73% and total cumulative return in cash sums $117,084. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,020/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29577, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,187 (100%) |
| Owner Occupied HU | 10,767 (44.5%) |
| Renter Occupied HU | 7,443 (30.8%) |
| Vacant Housing Units | 5,977 (24.7%) |
| Median Home Value | $386,984 |
| Average Home Value | $425,164 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
16,599
Multi-Family
4,376
Businesses
2,968
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Listed by: Mike D Wagner • Realty ONE Group Dockside
Mls Name: CCAR
Mls ID: #2511852