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Long-Term Rental Analysis
8587 Cedar Trace Dr., Myrtle Beach, SC 29588
$270,000 • 4 beds • 2 baths • 2024 sqft
This property might be a fair Long-Term investment with a projected 1.38% first-year return on $56,700 initial cash invested.
Cash On Cash
1.38%
Cap Rate
7.17%
Rent
$2,250
Signal: Med.
Cashflow
$65
Financing
Purchase Price $270k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $56,700
Downpayment $54,000
Closing costs $2,700
Rehab $0
Furnishing $0
Cashflow
Total Income $2,250
Total Expenses $2,185
Mortgage P&I $1,437
Property Taxes $70
Home Insurance $94
PManagement $225
CapEx $112
Vacancy $135
Maintenance $112
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 517 Miromar Way | $2400 | 4 | 2.5 | 2040 | 0.6 mi |
| 2 | 1203 Brighton Ave | $2100 | 4 | 2 | 2214 | 1.5 mi |
| 3 | 1051 Sennema Cir | $2200 | 4 | 2 | 1774 | 1.9 mi |
| 4 | 1087 Sennema Cir | $1995 | 4 | 2 | 1774 | 2 mi |
| 5 | 323 Vaccaro Dr | $2000 | 4 | 2 | 1774 | 2.1 mi |
| 6 | 9828 Conifer Ln | $1950 | 4 | 2 | 1945 | 3.8 mi |
| 7 | 365 Skyland Pines Dr | $2350 | 4 | 2.5 | 2176 | 1.8 mi |
| 8 | 633 Menlo Park Ln | $2500 | 4 | 2.5 | 2200 | 1.6 mi |
| 9 | 8460 Tartan Ln | $2300 | 4 | 3 | 1850 | 0.3 mi |
| 10 | 316 Augustine Dr | $2195 | 4 | 2 | 1823 | 3.3 mi |
| 11 | 147 Dorian Loop | $2195 | 4 | 2 | 1788 | 3.2 mi |
| 12 | 182 Harmony Ln | $2400 | 4 | 2 | 2296 | 3.2 mi |
| 13 | 301 Augustine Dr | $2180 | 4 | 2 | 1788 | 3.2 mi |
| 14 | 3015 Long Spur Dr | $2295 | 4 | 2 | 1774 | 3.2 mi |
| 15 | 343 Augustine Dr | $2250 | 4 | 2 | 1788 | 3.3 mi |
| 16 | 528 Whale Ave | $2350 | 4 | 3 | 2101 | 1.6 mi |
| 17 | 375 Augustine Dr | $2245 | 4 | 2 | 1778 | 3.4 mi |
| 18 | 1456 Brighton Ave | $2300 | 4 | 3 | 2076 | 1.8 mi |
| 19 | 223 Hampton Park Cir | $2300 | 4 | 2.5 | 2003 | 3.7 mi |
| 20 | 152 Dorian Loop | $2145 | 4 | 2 | 1741 | 3.2 mi |
| 21 | 393 Winslow Ave | $2300 | 4 | 2 | 1.6 mi | |
| 22 | 198 Hampton Park Cir | $2380 | 4 | 2 | 1779 | 3.7 mi |
| 23 | 2021 Sage Dr | $2200 | 4 | 2.5 | 1883 | 3 mi |
| 24 | 140 Dorian Loop | $2225 | 4 | 2 | 1708 | 3.2 mi |
| 25 | 1555 Swing Bridge Way | $2400 | 4 | 2 | 1885 | 4.6 mi |