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Long-Term Rental Analysis
1105 Hemingway St., Myrtle Beach, SC 29577
$190,000 • 4 beds • 2 baths • 1470 sqft
This property could be a profitable Long-Term investment with a projected 11.76% first-year return on $39,900 initial cash invested.
Cash On Cash
11.76%
Cap Rate
9.49%
Rent
$1,995
Signal: Med.
Cashflow
$391
Financing
Purchase Price $190k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $39,900
Downpayment $38,000
Closing costs $1,900
Rehab $0
Furnishing $0
Cashflow
Total Income $1,995
Total Expenses $1,604
Mortgage P&I $1,011
Property Taxes $7
Home Insurance $66
PManagement $200
CapEx $100
Vacancy $120
Maintenance $100
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 1010 Warren St | $2200 | 4 | 2 | 1850 | 0.2 mi |
| 2 | 406 33rd Ave N | $2400 | 4 | 2 | 1650 | 2.5 mi |
| 3 | 1638 Stuart Square Cir | $2200 | 4 | 3 | 1512 | 2.5 mi |
| 4 | 1000 21st Ave N, Ste 12 | $2500 | 1330 | 0.9 mi | ||
| 5 | 1311 Monticello Dr | $1900 | 4 | 3 | 1846 | 0.8 mi |
| 6 | 1113 Scott Dr | $2300 | 4 | 1.5 | 1900 | 2.6 mi |
| 7 | 1401 Brown Pelican Dr | $2800 | 4 | 3 | 0.8 mi | |
| 8 | 519 Broadway St | $1850 | 1188 | 1.1 mi | ||
| 9 | 519 Broadway St Broadway St, Unit 519 | $1900 | 1188 | 1.1 mi | ||
| 10 | 2950 Kane Ct | $2000 | 3 | 2 | 1450 | 2.2 mi |
| 11 | 614 35th Ave N | $1980 | 3 | 2 | 1471 | 2.6 mi |
| 12 | 618 35th Ave N Apt D | $1900 | 3 | 2 | 1470 | 2.6 mi |
| 13 | 2805 N Ocean Blvd, Unit 201 | $1800 | 3 | 2 | 1400 | 2.1 mi |
| 14 | 1000 21st Ave N, Ste 10 | $850 | 0.9 mi | |||
| 15 | 401 Alder St, Apt C | $1175 | 1.2 mi | |||
| 16 | 515 Broadway St | $950 | 1.1 mi | |||
| 17 | 830 Carolina Cove Dr | $1710 | 2 | 2.8 mi | ||
| 18 | 95 Broadway St | $3500 | 1.5 mi | |||
| 19 | 97 Broadway St | $2000 | 1.5 mi | |||
| 20 | 1779 Low Country Pl, Unit 57 | $2000 | 3 | 2 | 1400 | 2.9 mi |
| 21 | 510 35th Ave N, Apt 4 | $1995 | 3 | 2 | 1350 | 2.6 mi |
| 22 | 1749 Sea Pines Blvd | $2599 | 3 | 2 | 1400 | 3.1 mi |
| 23 | 2000 Greens Blvd, Apt 36B | $1750 | 3 | 2 | 1190 | 1.1 mi |
| 24 | 2000 Greens Blvd, Apt 22C | $1800 | 3 | 2 | 1190 | 1.1 mi |
| 25 | 3801 Cagney Ln | $2800 | 3 | 2 | 1560 | 3.2 mi |