Myrtle Beach is one of the largest and most productive vacation rental investment markets on the East Coast — a 60-mile stretch of Grand Strand coastline that draws over 20 million visitors annually, generates billions in tourism revenue, and supports one of the deepest short-term rental economies in the Southeast. For DSCR investors, the combination of massive tourism volume, year-round golf and entertainment demand, and acquisition prices that remain dramatically lower than comparable coastal STR markets like the Outer Banks, Destin, or Charleston produces cash flow and DSCR fundamentals that are genuinely difficult to match.
Lendmire is a nationwide mortgage broker with access to the country’s top DSCR lenders. For Myrtle Beach investors, that means your specific deal — an oceanfront condo, a North Myrtle Beach beach house, a Surfside cottage, a Pawleys Island luxury rental, a Litchfield Beach golf property, or a Conway workforce investment — gets matched to the lender with the best program for your scenario. Explore our full DSCR investor loan programs in 40 states for details.
Myrtle Beach DSCR Investment: The Numbers Behind the Opportunity
- Metro Population: ~500,000 (Myrtle Beach–Conway–North Myrtle Beach MSA)
- Annual Visitors: 20+ million
- Median Home Price (Investment): $250K–$450K beachfront / $180K–$300K second row and inland
- Average STR Nightly Rate: $150–$400+/night oceanfront / $100–$220/night second row and inland
- Typical DSCR Ratio Achievable: 10–1.40 on properly underwritten STR deals
- Top Investor Submarkets: Myrtle Beach oceanfront, North Myrtle Beach, Surfside Beach, Garden City, Pawleys Island, Litchfield Beach, Conway
- STR Demand Drivers: Beach tourism, 80+ golf courses, Broadway at the Beach, spring break, snowbird season, Bike Week
- State Income Tax: South Carolina — 0–6.4% graduated (but no tax on first $3,460)
- Lendmire DSCR Advantage: Multi-lender rate shopping, STR income accepted, 15-day closings, LLC-friendly
What Is a DSCR Loan and How Does It Work in Myrtle Beach?
A DSCR loan qualifies an investment property based on its rental income — not the borrower’s personal income, tax returns, or employment history. For a full breakdown, visit our complete guide on what is a DSCR loan.
The DSCR formula divides the property’s gross monthly rental income by its total monthly debt service — including principal, interest, taxes, insurance, and HOA fees. A ratio of 1.0 means the property breaks even. Above 1.0 means positive cash flow.
Myrtle Beach’s investment profile is uniquely well-suited for DSCR financing. These are purpose-built vacation rental properties — most condos and beach houses along the Grand Strand exist specifically to generate short-term rental income. Lenders who understand the market evaluate these properties based on documented Airbnb, VRBO, and local property management income rather than traditional long-term rental comparables. The concentrated peak-season income from Memorial Day through Labor Day, combined with meaningful shoulder-season revenue from golf tourism and snowbird rentals, produces annualized income that supports strong DSCR qualification.
For a side-by-side comparison, see our DSCR vs conventional investment loan guide.
Why DSCR loans work especially well for Myrtle Beach investors:
- No W-2s or tax returns required — self-employed investors, out-of-state buyers, and multi-property STR operators qualify on property income alone
- LLC and entity ownership fully supported — essential for Grand Strand investors managing multiple vacation rental properties across beach communities
- Short-term rental income from Airbnb, VRBO, and local property management companies accepted — the primary income source for virtually every Myrtle Beach investment. See our DSCR loans for Airbnb investments guide for details
- No limit on total financed properties — scale a Grand Strand portfolio from one condo to ten or more without conventional caps
- Interest-only options available — maximize monthly cash flow during the hold period
- Closings in as few as 15 days via DSCR loans in 40 states with 15-day closing — move fast on prime oceanfront inventory that moves quickly in the off-season buying window
Myrtle Beach Investment Markets: Where the Opportunity Lives
Myrtle Beach Oceanfront — The Grand Strand’s STR Core
The Myrtle Beach oceanfront corridor is the heart of the Grand Strand’s tourism economy. The Boardwalk, SkyWheel, Family Kingdom, and the concentrated hotel, restaurant, and entertainment infrastructure along Ocean Boulevard draw the highest visitor density on the entire strand. Oceanfront and ocean-view condos in high-rise resort buildings are the dominant investment product type.
Condos in the $200K–$400K range command STR rates of $150–$350+/night during peak summer, with meaningful shoulder-season revenue from spring break (March–April), fall golf groups, and winter snowbird rentals. Full-service resort buildings with pools, lazy rivers, and on-site amenities command the highest nightly rates and occupancy.
For DSCR investors seeking the highest gross STR revenue on the Grand Strand, Myrtle Beach oceanfront condos deliver the volume.
North Myrtle Beach — Family Market and Upscale Beach Houses
North Myrtle Beach offers a quieter, more family-oriented beach experience than the central Myrtle Beach strip. Cherry Grove, Ocean Drive, Crescent Beach, and Windy Hill each have distinct identities but share a common appeal: wider beaches, less commercial density, and a vacation rental market that skews toward families and multi-generational groups who book full weeks in beach houses rather than nightly hotel-style stays.
Beach houses in the $350K–$700K range command weekly summer rentals of $2,500–$6,000+ for properties with private pools, multiple bedrooms, and ocean views. The per-week pricing model produces substantial gross income during the 14–16 week peak summer season.
For DSCR investors targeting the family vacation house rental model with higher average booking values, North Myrtle Beach is the premium Grand Strand play.
Surfside Beach — “The Family Beach” and Accessible Entry Points
Surfside Beach sits immediately south of Myrtle Beach and markets itself as “The Family Beach” — a quieter, more residential alternative to the central strip. The town’s fishing pier, local restaurants, and neighborhood character attract repeat family visitors who book vacation rentals year after year.
Beach houses and condos in the $250K–$450K range command STR rates of $130–$300/night. Surfside’s lower acquisition prices relative to North Myrtle Beach produce stronger rent-to-price ratios — making the DSCR math more accessible for investors entering the Grand Strand market.
For DSCR investors who want beach STR exposure at the Grand Strand’s most accessible family-market price points, Surfside delivers strong fundamentals.
Garden City Beach / Murrells Inlet — Fishing Village Character and Restaurant Row
Garden City Beach and Murrells Inlet sit at the southern end of the Grand Strand, offering a more laid-back, local feel than the central beach corridor. Murrells Inlet’s “Restaurant Row” — the self-proclaimed Seafood Capital of South Carolina — draws food tourism from across the region. Brookgreen Gardens and Huntington Beach State Park add cultural and nature tourism demand.
Properties in the $220K–$400K range command STR rates of $120–$280/night. The fishing village character and restaurant scene create repeat visitor loyalty that produces consistent occupancy.
For DSCR investors seeking a distinctive market identity within the Grand Strand with strong repeat visitor demand, Murrells Inlet and Garden City deliver.
Pawleys Island / Litchfield Beach — Luxury Coastal and Golf Market
Pawleys Island and Litchfield Beach represent the upscale southern bookend of the Grand Strand — a quieter, more exclusive coastal corridor where historic beach cottages, gated golf communities, and creekfront properties attract a higher-income visitor and tenant demographic than the central beach strip.
Properties in the $400K–$800K+ range command STR rates of $200–$500+/night. Litchfield Beach’s golf resort communities — including Pawleys Plantation, Litchfield Country Club, and Willbrook Plantation — add year-round golf tourism demand that extends the revenue season well beyond summer.
For DSCR investors targeting the Grand Strand’s premium coastal market with golf-driven year-round demand, Pawleys Island and Litchfield deliver the highest nightly rates south of the central strip.
Conway — Riverwalk Town and Workforce Housing Demand
Conway is the Horry County seat and the inland anchor of the Myrtle Beach metro — a historic river town along the Waccamaw River with Coastal Carolina University’s 10,000+ students adding meaningful rental demand. Conway’s workforce housing market serves the hospitality, retail, and service industry employees who work along the Grand Strand but need affordable housing away from the beach.
Properties in the $160K–$260K range command LTR rents of $1,100–$1,600/month. The rent-to-price ratios produce some of the strongest DSCR fundamentals in the Myrtle Beach metro for investors who want long-term rental stability rather than STR seasonality.
For DSCR investors who want Myrtle Beach metro exposure without beach-market seasonality risk, Conway delivers consistent LTR cash flow.
Myrtle Beach Short-Term Rental Markets for DSCR Investors
The Grand Strand is one of the largest STR markets in the Southeast. Lendmire’s access to lenders offering specialized DSCR loans for Airbnb investments gives Myrtle Beach STR investors financing that accepts Airbnb, VRBO, and local property management income documentation.
Top Myrtle Beach short-term rental markets for DSCR investors:
- Myrtle Beach Oceanfront — Highest volume STR corridor on the Grand Strand. $150–$350+/night peak summer, meaningful shoulder and winter revenue
- North Myrtle Beach / Cherry Grove — Family beach house market with premium weekly booking values. $2,500–$6,000+/week peak summer
- Surfside Beach — Family-oriented with accessible entry points and strong repeat bookings. $130–$300/night
- Pawleys Island / Litchfield — Luxury coastal and golf tourism extending the season year-round. $200–$500+/night
- Murrells Inlet — Restaurant Row food tourism and fishing village character. $120–$280/night
Myrtle Beach DSCR Refinance Opportunities
Myrtle Beach investors holding properties financed with hard money, conventional loans, or high-rate notes have significant refinance opportunities. A DSCR refinance replaces the existing mortgage with a DSCR loan — qualifying on property income alone, with no personal income documentation required.
For investors looking to extract equity from appreciated Grand Strand properties, a DSCR cash-out refinance allows you to access up to 75% LTV in cash proceeds — capital that can fund the next beach acquisition or diversify into other markets across Lendmire’s 40 licensed states.
Airbnb investors can use a cash-out refinance for Airbnb properties to unlock equity from high-performing STR properties and reinvest into additional Grand Strand inventory.
Why Myrtle Beach Investors Choose Lendmire
Lendmire is a nationwide mortgage broker recognized as a 2026 Scotsman Guide Top Workplace — an honor that reflects the team culture, lender relationships, and operational discipline Grand Strand investors rely on to close competitive deals across every beach community from Cherry Grove to Pawleys Island.
- Multi-Lender Network Access — Every Grand Strand scenario is evaluated across Lendmire’s full network of top DSCR lenders. An oceanfront condo, a North Myrtle beach house, a Surfside cottage, and a Pawleys Island luxury property each get matched to the right lender
- Beach STR Market Expertise — Lendmire understands the Grand Strand’s seasonal income model and structures DSCR files to show lenders how peak summer revenue plus shoulder-season income produces qualifying annual cash flow
- No Income Documentation — Qualify on property rental income alone. No W-2s, no tax returns, no employment verification
- LLC and Entity Closing — Grand Strand portfolio operators regularly close in LLCs. Lendmire’s programs support entity ownership fully
- 15-Day Closing Capability — Prime oceanfront and beach house inventory moves fast in the off-season buying window. Lendmire’s lender relationships enable closings in as few as 15 days
Ready to Invest in Myrtle Beach?
Whether your target is a Myrtle Beach oceanfront condo, a North Myrtle Beach family beach house, a Surfside cottage, a Pawleys Island luxury property, a Murrells Inlet fishing village rental, or a Conway workforce investment, Lendmire has the lender network and Grand Strand market expertise to get your deal structured, approved, and closed. Explore our DSCR loan programs or reach out directly to start a conversation about your Myrtle Beach investment strategy.
Explore More DSCR Guides
Core Resources: What Is a DSCR Loan? · DSCR vs Conventional · DSCR for Airbnb / STR · DSCR Loans in 40 States · 15-Day Closing · DSCR Refinance Guide · Cash-Out Refi for Rentals · Cash-Out Refi for Airbnb · Refinance Hard Money to DSCR
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For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.
Brandon Miller
Founder & CEO, Mortgage Loan Originator, Lendmire LLC
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Required disclosures. Lendmire (NMLS# 2371349) operates as a licensed mortgage broker, not a direct lender or depository. The discussion in this article is general in nature and should not be relied upon as financial, legal, or tax advice — every investment scenario is unique and should be reviewed by a qualified professional. Any loan inquiry is subject to lender underwriting, and this article is not a commitment to lend or a guarantee of approval. Mortgage rates, loan terms, and program guidelines vary by borrower, property, and state, and may change without notice. Equal Housing Opportunity. Verify licensure at NMLS Consumer Access.
