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Long-Term Rental Analysis
6625 Scotsman Crescent, Myrtle Beach, SC 29588
$235,000 • 2 beds • 2 baths • 1225 sqft

This property looks like a bad Long-Term investment with a projected -9.99% first-year return on $49,350 initial cash invested.

Cash On Cash
-9.99%
Cap Rate
4.69%
Rent
$1,560
Cashflow
-$411
Rent Confidence:  High
Annual
$18,720
Median
$1,500
Avg
$1,560
Samples
25
Financing
Purchase Price  $235k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $49,350
Downpayment  $47,000
Closing costs  $2,350
Rehab  $0
Furnishing  $0
Cashflow
Total Income  $1,560
Total Expenses  $1,971
Mortgage P&I  $1,251
Property Taxes  $137
Home Insurance  $82
HOA  $95
PManagement  $156
CapEx  $78
Vacancy  $94
Maintenance  $78
Other  $0
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#Comparable PropertyRentBedsBathsSQFTDistance
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46639 Wisteria Dr$16502210500.1 mi
56530 Laguna Pt$16002210870.6 mi
6510 Fairwood Lakes Dr, Unit 21R$17002210510.3 mi
7765 Riverward Dr$19752212002.5 mi
8864 Tall Oaks Ct, Unit C$15002210061.1 mi
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106850 King Arthur Dr, Unit 201$1450229500.6 mi
11510 Fairwood Lakes Dr, Unit 16P$1450229000.4 mi
126626 Mallard View Pt$14002111100.1 mi
131132 White Tree Ln$1500228961.1 mi
146635 Cinnamon Fern Ln$149521.50.3 mi
152274 Huntingdon Dr, Apt L$15002212005.6 mi
16165 Ella Kinley Cir, Unit 305$15502213105.7 mi
17207 Sebring Ln$18003212000.5 mi
18172 River Reach Dr$19453212440.6 mi
19125 Ella Kinley Cir, Unit 302$16502213575.6 mi
20301 Paddington Ct, Unit 6$13002313013.2 mi
218650 S Southbridge Dr S$16502211005.6 mi
222265 Huntingdon Dr$15002211005.7 mi
232265 Huntingdon Dr, Apt I$15002211005.7 mi
246840 Blue Heron Blvd, Unit 105$1250210.3 mi
25172 Ella Kinley Cir$18002214005.7 mi