351 McKendree Ln.Myrtle BeachSC29579
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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 351 McKendree Ln, Myrtle Beach, SC, 29579 priced at $315,000 converts $2,549/mo rent into $568/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,549/mo, and annual cash flow totals $6,812/yr on $104,423 invested. Return on cash invested prints 26.43% in year one, and rental yield reads 9.71% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 137.96% and total cumulative return in cash sums $144,065. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,549/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2003
6,098 sqft lot
$N/A/sqft
$106 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29579, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,319 (100%) |
| Owner Occupied HU | 17,677 (60.3%) |
| Renter Occupied HU | 7,507 (25.6%) |
| Vacant Housing Units | 4,135 (14.1%) |
| Median Home Value | $370,725 |
| Average Home Value | $418,546 |
Housing Distribution
Address Breakdown
Residential
29,078
Single Family
23,909
Multi-Family
5,169
Businesses
1,094
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Listed by: Tracy Berard • EXP Realty LLC
Mls Name: CCAR
Mls Provider:
Mls ID: #2508675
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.