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Long-Term Rental Analysis
629 James St., Myrtle Beach, SC 29577
$259,000 • 3 beds • 2 baths • 1191 sqft
This property looks like a bad Long-Term investment with a projected -3.64% first-year return on $54,390 initial cash invested.
Cash On Cash
-3.64%
Cap Rate
6.08%
Rent
$1,950
Signal: Low
Cashflow
-$165
Financing
Purchase Price $259k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $54,390
Downpayment $51,800
Closing costs $2,590
Rehab $0
Furnishing $0
Cashflow
Total Income $1,950
Total Expenses $2,115
Mortgage P&I $1,379
Property Taxes $137
Home Insurance $91
PManagement $195
CapEx $98
Vacancy $117
Maintenance $98
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 958 Ashley Dr | $1890 | 3 | 2 | 1184 | 1.1 mi |
| 2 | 1208 Rosehaven Dr | $2200 | 3 | 2 | 1200 | 1.4 mi |
| 3 | 1644 Sturat Square Cir | $2000 | 3 | 2 | 1100 | 0.4 mi |
| 4 | 1644 Stuart Square Cir | $2300 | 3 | 2 | 1100 | 0.4 mi |
| 5 | 1601 Stuart Square Cir | $2000 | 3 | 2 | 1100 | 0.4 mi |
| 6 | 1001 Beach Walk Pl, Unit 1001 | $1600 | 3 | 2 | 1200 | 1.6 mi |
| 7 | 624 Bonaventure Dr | $1950 | 3 | 2 | 1200 | 1.7 mi |
| 8 | 1315 Melanie Ln | $2200 | 3 | 2 | 1242 | 1.4 mi |
| 9 | 402 Beach Walk Pl, Unit 402 | $1600 | 3 | 2 | 1250 | 1.6 mi |
| 10 | 1406 Tranquility Ln | $2200 | 3 | 2 | 1300 | 1.2 mi |
| 11 | 2000 Greens Blvd, Apt 36B | $1750 | 3 | 2 | 1190 | 2.7 mi |
| 12 | 2000 Greens Blvd, Apt 22C | $1800 | 3 | 2 | 1190 | 2.8 mi |
| 13 | 1779 Low Country Pl, Unit 57 | $2000 | 3 | 2 | 1400 | 0.5 mi |
| 14 | 1749 Sea Pines Blvd | $2599 | 3 | 2 | 1400 | 0.9 mi |
| 15 | 1053 Pinwheel Loop | $1700 | 3 | 2.5 | 1309 | 0.9 mi |
| 16 | 1000 Pembroke Ct | $1950 | 3 | 2.5 | 1300 | 1.1 mi |
| 17 | 1016 Pinnacle Ln | $1725 | 3 | 2.5 | 1319 | 1 mi |
| 18 | 1779 Low Country Pl, Apt D | $1900 | 3 | 2.5 | 1390 | 0.5 mi |
| 19 | 703 Beach Walk Pl | $1600 | 3 | 2.5 | 1100 | 1.5 mi |
| 20 | 1782 Low Country Pl, Apt F | $2000 | 3 | 2.5 | 1400 | 0.5 mi |
| 21 | 623 Cottage Oaks Cir | $2100 | 3 | 2 | 1270 | 3.5 mi |
| 22 | 201 Vesta Dr | $2000 | 3 | 2 | 1250 | 3.8 mi |
| 23 | 1631 Low Country Blvd, Unit A | $1795 | 3 | 2.5 | 1450 | 0.3 mi |
| 24 | 1631 Low Country Pl, Apt B | $1725 | 3 | 2.5 | 1450 | 0.3 mi |
| 25 | 691 Tidal Point Ln | $2100 | 3 | 2 | 1301 | 3.9 mi |