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Project Rental Revenue For Any Address

Long-Term Rental Analysis
5002 Watergate Dr., Myrtle Beach, SC 29588
$215,0002 beds • 2 baths • 1650 sqft

This property might be a fair Long-Term investment with a projected 6.14% first-year return on $45,150 initial cash invested.

Cash On Cash
6.14%
Cap Rate
8.1%
Rent
$2,000
Cashflow
$231
Rent Confidence:  High
Annual
$24,000
Median
$2,100
Avg
$2,003
Samples
25
Financing

Purchase Price  $215k
Downpayment  20.0%
Interest Rate  6.8%
Mortgage Duration  30yr.
Cash To Invest

Total  $45,150
Downpayment  20% $43,000
Closing costs  1% $2,150
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $2,000
Total Expenses  $1,769
Mortgage P&I  56% $1,120
Property Taxes  3% $54
Home Insurance  4% $75
PManagement  10% $200
CapEx  5% $100
Vacancy  6% $120
Maintenance  5% $100
Other  0% $0
Google Maps with the subject property comparables is loading...
#Comparable PropertyRentBedsBathsSQFTDistance
13689 Clay Pond Village Ln, Myrtle Beach, SC 29579$1400222.4 mi
23685 Clay Pond Village Ln, Apt 2, Myrtle Beach, SC 29579$1400222.4 mi
33685 Clay Pond Village Ln, Myrtle Beach, SC 29579$1400222.4 mi
42820 Cook Cir, Unit D, Myrtle Beach, SC 29577$210022.513471.9 mi
5214 Plantation Rd, Apt A, Myrtle Beach, SC 29588$130021.51.6 mi
63939 Gladiola Ct, Unit 204, Myrtle Beach, SC 29588$15502210001.1 mi
72488 Polaris Path, Myrtle Beach, SC 29577$22003216501 mi
8141 Dry Valley Loop, Myrtle Beach, SC 29588$26003216501.1 mi
92808 Pegasus Pl, Myrtle Beach, SC 29577$22503216181 mi
10409 Oxner Ct, Myrtle Beach, SC 29579$21003216721.1 mi
11512 Calypso Dr, Myrtle Beach, SC 29588$23003216501.6 mi
123418 Baldwin Ln, Myrtle Beach, SC 29577$250022.512322.4 mi
13359 Vesta Dr, Myrtle Beach, SC 29579$17753216501.7 mi
141748 Suncrest Dr, Myrtle Beach, SC 29577$27253217281 mi
15404 Foxbrook Dr, Myrtle Beach, SC 29588$22003217001.4 mi
16379 Vesta Dr, Myrtle Beach, SC 29579$19953216251.7 mi
17232 Tibton Cir, Myrtle Beach, SC 29588$22503217151.6 mi
18109 Governors Loop, Myrtle Beach, SC 29588$18503215401.2 mi
192912 Skylar Dr, Myrtle Beach, SC 29577$22003214750.7 mi
203689 Clay Pond Village Ln, Apt 4, Myrtle Beach, SC 29579$1400229802.4 mi
211105 Great Lakes Cir, Myrtle Beach, SC 29588$23003217501.5 mi
22731 Berkshire Ave, Myrtle Beach, SC 29577$20953217261.8 mi
23636 Needlerush Ct, Myrtle Beach, SC 29579$22003215401.6 mi
241226 Ambling Way Dr, Myrtle Beach, SC 29579$19753215001.2 mi
25421 Foxbrook Dr, Myrtle Beach, SC 29588$20003215131.3 mi

Projections