117 Ranchette CircleMyrtle BeachSC29588
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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 117 Ranchette Circle, Myrtle Beach, SC, 29588 priced at $160,000 pairs $1,229/mo rent with $277/mo cash flow after a $783/mo payment. Total monthly income equals $1,229/mo, and annual cash flow comes to $3,320/yr on $53,040 invested. Return on cash invested is 26.17% in year one, and rental yield stands at 9.22% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 136.13% and total cumulative return in cash reaches $72,206. For financing, Ziffy Mortgage’s DSCR program evaluates $1,229/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1995
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29588, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,273 (100%) |
| Owner Occupied HU | 17,595 (67.0%) |
| Renter Occupied HU | 5,626 (21.4%) |
| Vacant Housing Units | 3,052 (11.6%) |
| Median Home Value | $312,579 |
| Average Home Value | $340,906 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
20,622
Multi-Family
3,614
Businesses
1,149
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Listed by: Pivot Properties Team • Keller Williams Innovate South
Mls Name: CCAR
Mls ID: #2530058