Montrose Ln. #AMyrtle 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 Montrose Ln. #A, Myrtle Beach, SC, 29579 priced at $277,500 pairs $2,052/mo rent with $400/mo cash flow after a $1,358/mo payment. Total monthly income equals $2,052/mo, and annual cash flow comes to $4,804/yr on $91,991 invested. Return on cash invested is 25.13% in year one, and rental yield stands at 8.87% on a $277,500 basis. Equity gained on principal adds $1,791/yr, and 5% annual appreciation accumulates to $76,668 by year five. Five-year ROI measures 130.57% and total cumulative return in cash reaches $120,112. For financing, Ziffy Mortgage’s DSCR program evaluates $2,052/mo property income against a $1,358/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2000
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: William A Charlson • Legends Real Estate
Mls Name: CCAR
Mls ID: #2529884