MACON Plan, Summit at MeridianMyrtle BeachSC29577
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
Investment property for sale in Myrtle Beach at MACON Plan, Summit at Meridian, Myrtle Beach, SC, 29577 uses $108,563 cash to close to unlock $8,513/yr annual cash flow and $709/mo monthly cash flow. Total monthly income runs $2,659/mo, and a $1,603/mo payment keeps the spread at $709/mo. Purchase price stands at $327,490, and rental yield measures 9.74% with $2,659/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $90,479 over five years. Five-year ROI reaches 144.59% and total cumulative return in cash records $156,975. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,659/mo property income covering a $1,603/mo payment rather than investor’s personal income.
Single Family
Built in 2024
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meridian • D.R. Horton - Myrtle Beach
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A