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Project Rental Revenue For Any Address

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Long-Term Rental Analysis
2483 Morlynn Dr., Myrtle Beach, SC 29577
$269,900 • 3 beds • 2 baths • 1192 sqft

This property looks like a bad Long-Term investment with a projected -1.14% first-year return on $56,679 initial cash invested.

Cash On Cash
-1.14%
Cap Rate
6.35%
Rent
$2,050
Cashflow
-$54
Rent Confidence:  High
Annual
$24,600
Median
$2,000
Avg
$2,075
Samples
25
Financing
Purchase Price  $270k
Downpayment  20.0%
Interest Rate  6.6%
Mortgage Duration  30yr.
Cash To Invest
Total  $56,679
Downpayment  20% $53,980
Closing costs  1% $2,699
Rehab  0% $0
Furnishing  0% $0
Cashflow
Total Income  $2,050
Total Expenses  $2,104
Mortgage P&I  67% $1,380
Property Taxes  3% $68
Home Insurance  5% $94
HOA  1% $30
PManagement  10% $205
CapEx  5% $102
Vacancy  6% $123
Maintenance  5% $102
Other  0% $0
Google Maps with the subject property comparables is loading...
#Comparable PropertyRentBedsBathsSQFTDistance
12279 Morlynn Dr, Myrtle Beach, SC 29577$21003211800.2 mi
22729 Temperance Dr, Myrtle Beach, SC 29577$18503212330.1 mi
32443 Morlynn Dr, Myrtle Beach, SC 29577$22003212870.1 mi
42503 Morlynn Dr, Myrtle Beach, SC 29577$22003213000.1 mi
51145 Peace Pipe Pl, Myrtle Beach, SC 29579$14953212251.6 mi
61208 Rosehaven Dr, Unit B, Myrtle Beach, SC 29577$19503212002.4 mi
7720 Bucklin Loop, Myrtle Beach, SC 29579$22503212372.3 mi
8400 Meadowbrook Dr, Myrtle Beach, SC 29588$25003213051.6 mi
9691 Tidal Point Ln, Myrtle Beach, SC 29579$20003213091.7 mi
10201 Vesta Dr, Myrtle Beach, SC 29579$19503212502.4 mi
112 Sioux Trl, Myrtle Beach, SC 29588$23003214001.7 mi
12749 Bucklin Loop, Myrtle Beach, SC 29579$19003213502.3 mi
132912 Skylar Dr, Myrtle Beach, SC 29577$22003214751.2 mi
142632 Lucky Ln, Myrtle Beach, SC 29588$16003213502.4 mi
15135 Bonnie Bridge Cir, Myrtle Beach, SC 29579$25003214002 mi
16177 Hampton Park Cir, Myrtle Beach, SC 29588$24003213482.7 mi
17180 Tibton Cir, Myrtle Beach, SC 29588$18753214901.4 mi
18492 Wallingford Cir, Myrtle Beach, SC 29588$19003215001.3 mi
192879 Pegasus Pl, Myrtle Beach, SC 29577$180032.513601 mi
20101 Palm Cove Cir, Myrtle Beach, SC 29588$1900320.8 mi
21421 Foxbrook Dr, Myrtle Beach, SC 29588$20003215131.5 mi
224798 White Pine Dr, Myrtle Beach, SC 29588$19503214402.1 mi
23108 Marsh Rabbit Dr, Myrtle Beach, SC 29588$19503214042.5 mi
241189 Parish Way, Myrtle Beach, SC 29577$2500321 mi
25141 Dry Valley Loop, Myrtle Beach, SC 29588$26003216500.6 mi

Projections