24 Chapin CircleMyrtle BeachSC29572
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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 24 Chapin Circle, Myrtle Beach, SC, 29572 priced at $1,795,000 pairs $4,086/mo rent with after a $8,786/mo payment. Total monthly income equals $4,086/mo. Return on cash invested is 6.75% in year one, and rental yield stands at 2.73% on a $1,795,000 basis. Equity gained on principal adds $11,583/yr, and 5% annual appreciation accumulates to $495,925 by year five. Five-year ROI measures 31.88% and total cumulative return in cash reaches $185,389. For financing, Ziffy Mortgage’s DSCR program evaluates $4,086/mo property income against a $8,786/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29572, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,424 (100%) |
| Owner Occupied HU | 4,434 (33.0%) |
| Renter Occupied HU | 2,349 (17.5%) |
| Vacant Housing Units | 6,641 (49.5%) |
| Median Home Value | $484,365 |
| Average Home Value | $523,517 |
Housing Distribution
Address Breakdown
Residential
8,575
Single Family
6,082
Multi-Family
2,493
Businesses
982
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Listed by: Greg Harrelson Sales Team • Century 21 The Harrelson Group
Mls Name: CCAR
Mls ID: #2529917