490 Calhoun Falls DrMyrtle 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
Investment property for sale in Myrtle Beach at 490 Calhoun Falls Dr, Myrtle Beach, SC, 29579 with 5% annual appreciation on a $362,100 basis while $2,849/mo rent supports operations. Total monthly income totals $2,849/mo and a $1,772/mo payment preserves $694/mo for cash returns. Annual cash flow comes to $8,325/yr on $120,036 deployed, and return on cash invested reaches 26.84% in year one. Equity gained on principal adds $2,337/yr, and five-year appreciation sums $100,042 alongside rental yield of 9.44%. Five-year ROI measures 139.73% and total cumulative return in cash totals $167,721.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,849/mo property income versus a $1,772/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
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
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A