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Project Rental Revenue For Any Address

Long-Term Rental Analysis
901 4th Ave. N, Myrtle Beach, SC 29577
$209,9002 beds • 1 baths • 868 sqft

This property looks like a bad Long-Term investment with a projected -6.75% first-year return on $44,079 initial cash invested.

Cash On Cash
-6.75%
Cap Rate
5.29%
Rent
$1,590
Cashflow
-$248
Rent Confidence:  High
Annual
$19,080
Median
$1,595
Avg
$1,587
Samples
25
Financing

Purchase Price  $210k
Downpayment  20.0%
Interest Rate  6.8%
Mortgage Duration  30yr.
Cash To Invest

Total  $44,079
Downpayment  20% $41,980
Closing costs  1% $2,099
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $1,590
Total Expenses  $1,838
Mortgage P&I  69% $1,093
Property Taxes  16% $257
Home Insurance  5% $74
PManagement  10% $159
CapEx  5% $80
Vacancy  6% $95
Maintenance  5% $80
Other  0% $0
Google Maps with the subject property comparables is loading...
#Comparable PropertyRentBedsBathsSQFTDistance
1405 12th Ave S, Apt 1, Myrtle Beach, SC 29577$1800218681.2 mi
2130 Whitehaven Ct, Myrtle Beach, SC 29577$1800218291.4 mi
31205 Tiffany Ln, Apt G, Myrtle Beach, SC 29577$150021.58741.1 mi
4403 11th Ave S Unit B, Myrtle Beach, SC 29577$18002110001.1 mi
5403 11th Ave S Unit A, Myrtle Beach, SC 29577$18002110001.1 mi
61901 Legion St, Unit B, Myrtle Beach, SC 29577$16002110001.1 mi
7603 19th Ave N, Myrtle Beach, SC 29577$139521.59121.1 mi
8304 4th Ave N, Apt 4, Myrtle Beach, SC 29577$1950210.5 mi
9414 36th Ave N Unit A, Myrtle Beach, SC 29577$19002110002.4 mi
10304 4th Ave N, Myrtle Beach, SC 29577$1600216250.5 mi
111109 Ocala St, Myrtle Beach, SC 29577$1250211 mi
12403 11th Ave S Unit C, Myrtle Beach, SC 29577$18002210001.1 mi
131202 Erin Way, Apt H, Myrtle Beach, SC 29577$130021.51.1 mi
14476 River Oaks Dr, Apt 64H, Myrtle Beach, SC 29579$1225220.5 mi
15811 Tip Top Ln, Unit 308, Myrtle Beach, SC 29577$159522.511410.5 mi
16814 Tip Top Ln, Unit 403, Myrtle Beach, SC 29577$159522.511410.5 mi
17814 Tip Top Ln, Unit 402, Myrtle Beach, SC 29577$159522.511410.5 mi
18405 12th Ave S, Apt 2, Myrtle Beach, SC 29577$1500117501.2 mi
193517 Fountain Ln, Myrtle Beach, SC 29577$175022.510982.5 mi
201901 Legion St, Unit C, Myrtle Beach, SC 29577$2200231.1 mi
213786 Hitchcock Way, Apt 315, Myrtle Beach, SC 29577$1295117132.4 mi
222001 S Ocean Blvd, # 1-306, Myrtle Beach, SC 29577$132515001.8 mi
23519 32nd Ave N, Myrtle Beach, SC 29577$17003111002.1 mi
24405 12th Ave S, Apt 3, Myrtle Beach, SC 29577$1200116001.2 mi
25405 12th Ave S, Apt 4, Myrtle Beach, SC 29577$1200116001.2 mi

Projections