706 Mitchell 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 706 Mitchell Dr, Myrtle Beach, SC, 29577 priced at $888,999 pairs $1,936/mo rent with after a $4,351/mo payment. Total monthly income equals $1,936/mo. Return on cash invested is 4.54% in year one, and rental yield stands at 2.61% on a $888,999 basis. Equity gained on principal adds $5,737/yr, and 5% annual appreciation accumulates to $245,614 by year five. Five-year ROI measures 20.7% and total cumulative return in cash reaches $60,554. For financing, Ziffy Mortgage’s DSCR program evaluates $1,936/mo property income against a $4,351/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1998
N/A 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: Ester Esti Simantov • Own Myrtle Real Estate
Mls Name: CCAR
Mls Provider:
Mls ID: #2325618
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.