The Sullivan "C" Plan, Kingswood on the WaterwayNorth Myrtle BeachSC29582
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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 North Myrtle Beach at The Sullivan "C" Plan, Kingswood on the Waterway, North Myrtle Beach, SC, 29582 generates $3,434/mo in rent, after a $2,975/mo payment. Total monthly income is $3,434/mo. Return on cash invested sits at 18.44% in year one, and rental yield is 6.78% on a $607,835 entry. Equity gained on principal adds $3,922/yr, while 5% annual appreciation builds toward $167,934 over five years. Five-year ROI reaches 94.83% and total cumulative return in cash sums $189,636. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,434/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
$85 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29582, North Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,971 (100%) |
| Owner Occupied HU | 8,741 (31.3%) |
| Renter Occupied HU | 2,173 ( 7.8%) |
| Vacant Housing Units | 17,057 (61.0%) |
| Median Home Value | $429,213 |
| Average Home Value | $486,164 |
Housing Distribution
Address Breakdown
Residential
14,598
Single Family
10,230
Multi-Family
4,368
Businesses
1,216
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Listed by: N/A • Beverly Homes
Mls Name: Beverly Homes
Mls Provider:
Mls ID: #N/A