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Project Rental Revenue For Any Address

Long-Term Rental Analysis
503 Lake Park Dr., Myrtle Beach, SC 29588
$255,0003 beds • 3 baths • 1699 sqft

This property looks like a bad Long-Term investment with a projected -1.17% first-year return on $53,550 initial cash invested.

Cash On Cash
-1.17%
Cap Rate
6.63%
Rent
$2,057
Cashflow
-$52
Rent Confidence:  High
Annual
$24,684
Median
$2,090
Avg
$2,058
Samples
25
Financing

Purchase Price  $255k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $53,550
Downpayment  20% $51,000
Closing costs  1% $2,550
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $2,057
Total Expenses  $2,109
Mortgage P&I  66% $1,357
Property Taxes  3% $66
Home Insurance  4% $89
HOA  3% $62
PManagement  10% $206
CapEx  5% $103
Vacancy  6% $123
Maintenance  5% $103
Other  0% $0
Google Maps with the subject property comparables is loading...
#Comparable PropertyRentBedsBathsSQFTDistance
1166 Olde Towne Way, Unit 3$17953316001.7 mi
2185 Olde Towne Way, Unit 2$18003316001.7 mi
3239 Brackish Dr$18953316792.9 mi
4132 Olde Towne Way, Unit 2$18003315201.5 mi
5132 Olde Towne Way, Unit D$18003315201.5 mi
6548 Lake Park Dr$209033.515520.4 mi
7528 Lake Park Dr$21003217060.2 mi
8439 Wallingford Cir$225032.517501.3 mi
9173 Olde Towne Way, Unit 1$210032.517501.7 mi
10208 Brackish Dr$20003314371.6 mi
11204 Machrie Loop, Unit C$219532.517402.1 mi
12232 Tibton Cir$22503217151 mi
131990 Suncrest Dr, Lot 140$23003317364.1 mi
14364 Augustine Dr$20003217081.3 mi
15231 Dorian Loop$21453217081.3 mi
16367 Augustine Dr$20003217081.4 mi
17332 Augustine Dr$21803217081.4 mi
18207 Dorian Loop$21453217081.4 mi
19311 Augustine Dr$20453217081.5 mi
20151 Dorian Loop$21753217081.6 mi
21243 Dorian Loop$20453216551.3 mi
22336 Augustine Dr$21653216651.4 mi
23204 Dorian Loop$18953216651.4 mi
24339 Augustine Dr$22953216651.4 mi
25111 Dorian Loop$19953216761.5 mi

Projections