Property Analysis for 6639 Wisteria Dr., Myrtle Beach, SC 29588

Long-Term Rental Analysis

6639 Wisteria Dr., Myrtle Beach, SC 29588

$229,900 • 2 beds • 2 baths • 1020 sqft

This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $48,279 initial cash invested.

Cash On Cash

-12.18%

Cap Rate

4.23%

Rent

$1,530

Cashflow

-$490

Rent Confidence: High

Annual

$18,360

Median

$1,500

Avg

$1,532

Samples

Financing

Purchase Price $230k

Downpayment 20.0%

Interest Rate 7.0%

Mortgage Duration 30yr.

Cash To Invest

Total $48,279

Downpayment 20% $45,980

Closing costs 1% $2,299

Rehab 0% $0

Furnishing 0% $0

Cashflow

Total Income $1,530

Total Expenses $2,020

Mortgage P&I 80% $1,224

Property Taxes 15% $224

Home Insurance 5% $80

HOA 6% $95

PManagement 10% $153

CapEx 5% $76

Vacancy 6% $92

Maintenance 5% $76

Other 0% $0

Google Maps with the subject property comparables is loading...

#	Comparable Property	Rent	Beds	Baths	SQFT	Distance
1	6639 Wisteria Dr	$1650	2	2	1050	0 mi
2	510 Fairwood Lakes Dr, Unit 21R	$1700	2	2	1051	0.4 mi
3	864 Tall Oaks Ct, Unit C	$1500	2	2	1006	1.2 mi
4	6659 E Sweetbriar Trl	$1450	2	2	947	0.4 mi
5	6530 Laguna Pt	$1600	2	2	1087	0.6 mi
6	6850 King Arthur Dr, Unit 201	$1450	2	2	950	0.6 mi
7	500 Fairway Village Dr	$1400	2	2	940	0.5 mi
8	510 Fairwood Lakes Dr, Unit 16P	$1350	2	2	900	0.5 mi
9	1132 White Tree Ln	$1500	2	2	896	1.2 mi
10	102 Leadoff Dr	$1265	2	2	1100	2.3 mi
11	6626 Heron Pt	$1495	2	2	1400	0.2 mi
12	502 Tree Top Ln, Unit Top	$1200	2	2	768	0.9 mi
13	765 Riverward Dr	$1975	2	2	1200	2.4 mi
14	6635 Cinnamon Fern Ln	$1495	2	1.5		0.3 mi
15	502 Tree Top Ln	$1250	2	2	650	0.8 mi
16	6840 Blue Heron Blvd	$1600	2	1	816	0.4 mi
17	149 Ella Kinley Cir, Unit 303	$1575	2	2	946	5.6 mi
18	149 Ella Kinley Cir	$1699	2	2	946	5.6 mi
19	6840 Blue Heron Blvd, Unit 108	$1600	2	1	810	0.4 mi
20	8650 S Southbridge Dr S	$1650	2	2	1100	5.6 mi
21	2265 Huntingdon Dr	$1500	2	2	1100	5.7 mi
22	2265 Huntingdon Dr, Apt I	$1500	2	2	1100	5.7 mi
23	6840 Blue Heron Blvd, Unit 105	$1250	2	1		0.4 mi
24	100 Lazy Willow Ln, Unit 103	$1849	3	2	1151	0.5 mi
25	207 Sebring Ln	$1800	3	2	1200	0.5 mi

Projections