2616 Elowen LnMyrtle BeachSC29568
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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 2616 Elowen Ln, Myrtle Beach, SC, 29568 generates $2,310/mo in rent, after a $2,033/mo payment. Total monthly income is $2,310/mo. Return on cash invested sits at 18.49% in year one, and rental yield is 6.67% on a $415,355 entry. Equity gained on principal adds $2,680/yr, while 5% annual appreciation builds toward $114,755 over five years. Five-year ROI reaches 94.95% and total cumulative return in cash sums $130,741. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,310/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29568, Longs, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,316 (100%) |
| Owner Occupied HU | 6,775 (72.7%) |
| Renter Occupied HU | 1,301 (14.0%) |
| Vacant Housing Units | 1,240 (13.3%) |
| Median Home Value | $316,590 |
| Average Home Value | $331,933 |
Housing Distribution
Address Breakdown
Residential
9,282
Single Family
8,694
Multi-Family
588
Businesses
321
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Listed by: N/A • Ryan Homes
Mls Name: Ryan Homes
Mls Provider:
Mls ID: #N/A