405 El Camino Dr. #CMyrtle BeachSC29579
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 405 El Camino Dr. #C, Myrtle Beach, SC, 29579 generates $2,189/mo in rent and, after a $1,253/mo payment, leaves $665/mo in cash flow. Total monthly income is $2,189/mo, and annual cash flow is $7,981/yr on $84,860 invested. Return on cash invested sits at 29.31% in year one, and rental yield is 10.26% on a $255,989 entry. Equity gained on principal adds $1,652/yr, while 5% annual appreciation builds toward $70,725 over five years. Five-year ROI reaches 153.03% and total cumulative return in cash sums $129,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,189/mo property income rather than buyer’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James F Cole • Gabriel Financial Real Estate
Mls Name: CCAR
Mls ID: #2522605