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Project Rental Revenue For Any Address

Long-Term Rental Analysis
4649 Tarpon Bay Rd., Myrtle Beach, SC 29579
$225,0003 beds • 2 baths • 1126 sqft

This property looks like a bad Long-Term investment with a projected -3.12% first-year return on $47,250 initial cash invested.

Cash On Cash
-3.12%
Cap Rate
6.1%
Rent
$1,890
Cashflow
-$123
Rent Confidence:  High
Annual
$22,680
Median
$1,900
Avg
$1,911
Samples
25
Financing

Purchase Price  $225k
Downpayment  20.0%
Interest Rate  6.8%
Mortgage Duration  30yr.
Cash To Invest

Total  $47,250
Downpayment  20% $45,000
Closing costs  1% $2,250
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $1,890
Total Expenses  $2,013
Mortgage P&I  62% $1,172
Property Taxes  14% $272
Home Insurance  4% $79
PManagement  10% $189
CapEx  5% $94
Vacancy  6% $113
Maintenance  5% $94
Other  0% $0
Google Maps with the subject property comparables is loading...
#Comparable PropertyRentBedsBathsSQFTDistance
14613 Southgate Pkwy, Myrtle Beach, SC 29579$17453211501.9 mi
2297 La Patos Dr, Myrtle Beach, SC 29588$18503211162.1 mi
3720 Bucklin Loop, Myrtle Beach, SC 29579$22503212371.1 mi
4201 Vesta Dr, Myrtle Beach, SC 29579$19503212501.3 mi
54811 Brookside Ln, Myrtle Beach, SC 29579$21503211802.2 mi
61145 Peace Pipe Pl, Myrtle Beach, SC 29579$14953212251.8 mi
7486 Overcrest St, Myrtle Beach, SC 29579$18953210301.9 mi
8120 Fountain Pointe Ln, Unit 204, Myrtle Beach, SC 29579$14503213281 mi
9672 W Perry Rd, Myrtle Beach, SC 29579$17003210412.3 mi
10623 Cottage Oaks Cir, Myrtle Beach, SC 29579$21003212701.7 mi
11552 Cottage Oaks Cir, Myrtle Beach, SC 29579$18953212701.8 mi
12749 Bucklin Loop, Myrtle Beach, SC 29579$19003213501.1 mi
13800 Dunoway Ct, Myrtle Beach, SC 29579$20003213001.6 mi
149042 Gatewick Ct, Myrtle Beach, SC 29579$19003212891.9 mi
15691 Tidal Point Ln, Myrtle Beach, SC 29579$20003213091.8 mi
16135 Bonnie Bridge Cir, Myrtle Beach, SC 29579$25003214001.3 mi
17181 Rocko Dr, Myrtle Beach, SC 29579$1875320.7 mi
182632 Lucky Ln, Myrtle Beach, SC 29588$16003213502.1 mi
193650 Farmington Pl, Myrtle Beach, SC 29579$1800321 mi
203613 Farmington Pl, Myrtle Beach, SC 29579$18003215001 mi
215018 Sandlake Ct, Myrtle Beach, SC 29579$19353213502.3 mi
22606 W Perry Rd, Myrtle Beach, SC 29579$24003213782.2 mi
23501 Ambrosia Loop, Myrtle Beach, SC 29579$19253216500.1 mi
24108 Marsh Rabbit Dr, Myrtle Beach, SC 29588$19503214042 mi
25401 Gouchos Ln, Myrtle Beach, SC 29588$170032.512692.1 mi

Projections


Property Appreciation, yr

3%

Rent Growth, yr

3%

Expense Increase, yr

3%