535 Ramsey Dr.Myrtle BeachSC29577
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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 535 Ramsey Dr, Myrtle Beach, SC, 29577 priced at $217,000 pairs $1,448/mo rent with $156/mo cash flow after a $1,062/mo payment. Total monthly income equals $1,448/mo, and annual cash flow comes to $1,876/yr on $71,936 invested. Return on cash invested is 22.52% in year one, and rental yield stands at 8.01% on a $217,000 basis. Equity gained on principal adds $1,400/yr, and 5% annual appreciation accumulates to $59,953 by year five. Five-year ROI measures 116.56% and total cumulative return in cash reaches $83,849. For financing, Ziffy Mortgage’s DSCR program evaluates $1,448/mo property income against a $1,062/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29577, Myrtle Beach, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,187 (100%) |
| Owner Occupied HU | 10,767 (44.5%) |
| Renter Occupied HU | 7,443 (30.8%) |
| Vacant Housing Units | 5,977 (24.7%) |
| Median Home Value | $386,984 |
| Average Home Value | $425,164 |
Housing Distribution
Address Breakdown
Residential
20,975
Single Family
16,599
Multi-Family
4,376
Businesses
2,968
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Listed by: Teri B Hyler • RE/MAX Executive
Mls Name: CCAR
Mls ID: #2519086