620 Ellsworth Ct.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 620 Ellsworth Ct, Myrtle Beach, SC, 29579 priced at $430,000 pairs $3,082/mo rent with $522/mo cash flow after a $2,105/mo payment. Total monthly income equals $3,082/mo, and annual cash flow comes to $6,263/yr on $142,545 invested. Return on cash invested is 24.3% in year one, and rental yield stands at 8.6% on a $430,000 basis. Equity gained on principal adds $2,775/yr, and 5% annual appreciation accumulates to $118,801 by year five. Five-year ROI measures 126.09% and total cumulative return in cash reaches $179,739. For financing, Ziffy Mortgage’s DSCR program evaluates $3,082/mo property income against a $2,105/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
0.39 Acres 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: Christina Merritt • Carolina Pines Realty
Mls Name: CCAR
Mls ID: #2519166