804 Gammon Dr.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 804 Gammon Dr, Myrtle Beach, SC, 29579 priced at $464,900 pairs $2,684/mo rent with after a $2,275/mo payment. Total monthly income equals $2,684/mo. Return on cash invested is 19.26% in year one, and rental yield stands at 6.93% on a $464,900 basis. Equity gained on principal adds $3,000/yr, and 5% annual appreciation accumulates to $128,443 by year five. Five-year ROI measures 99.05% and total cumulative return in cash reaches $152,656. For financing, Ziffy Mortgage’s DSCR program evaluates $2,684/mo property income against a $2,275/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.41 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: David Tomasini • RE/MAX Executive
Mls Name: CCAR
Mls ID: #2527967