2844 McLeod Ln.Myrtle BeachSC29588
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2844 McLeod Ln, Myrtle Beach, SC, 29588 offers $3,208/mo rent that, after a $3,450/mo payment. Total monthly income is $3,208/mo. Return on cash invested measures 14.07% in year one, and rental yield stands at 5.46% at a $704,900 entry. Equity gained on principal adds $4,549/yr while 5% annual appreciation compounds into $194,751 by year five. Five-year ROI records 71.48% and total cumulative return in cash reaches $165,774. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,208/mo property income versus a $3,450/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
10,018 sqft lot
$N/A/sqft
$170 monthly 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: Caroline Dargan • Dargan Real Estate
Mls Name: CCAR
Mls Provider:
Mls ID: #2414496
Disclaimer: Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.