Analyzed Deals

We have analyzed this deal to see how this particular single family home in Myrtle Beach would be as a rental property. We try to research and analyze better than average deals for you to help save you time and money. You can read about what it is like researching properties for deals on your own in our article: Find Real Estate Deals is a Numbers Game.

Please use the information below as a starting point for your analysis, but because data used below is submitted to us, it should all be independently verified with the help of a competent team of professionals.

Where is this property?

It is located in Myrtle Beach, SC. The property address is kept private to preserve the deals for our real estate investor visitors. Request additional information on Deal #6107. This particular property was submitted to the Myrtle Beach Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Myrtle Beach area.

If you would like more information about this deal, please request info about real estate Deal #6107.

Property Details

• Bedrooms: 2
• Baths: 1.25
• Square Footage: 1,272 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, a real estate agent or real estate broker, zillow, a researcher or the seller.

Income

• Gross Rent: $786/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $31/month (see Vacancy Estimates for more info)
• Net Rent: $755/month
• NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.

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We have analyzed this deal to see how this particular single family home in Myrtle Beach would be as a rental property.

Where is this property?

It is located in Myrtle Beach, SC. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #4110 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Myrtle Beach Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Myrtle Beach area.

Learn to find motivated sellers using marketing in Buying Houses with Voice Broadcast. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #4110 and they can give you the full details about this property and help you in purchasing it.

The Story

Before we get into our full analysis, here is some of the interesting story for this particular deal:

From the agent: This is a short sale. The list price is equal to or less than the mortgage amount. Offers are subject to bank approval. This process can take 4-12 weeks. Bank policies and procedures will determine the actual time for acceptance and execution. This condo is sold in as is condition and will remain “active” status until accepted by the bank. This unit had $32,000.00 gross rental income for 2007. Oceanfront 10th floor Amenities include indoor/outdoor pools, hot tub, lazy river. The Carolinian is close to restaurants, entertainment, golf and shopping.

Typical 2009 Rates
Carolinian 2 Bed, 2 Bath Oceanfront
(01/03 02/27) (02/28 04/03) (04/04 05/29) (05/30 06/05) (06/06 06/12) (06/13 06/19) (06/20 08/07) (08/08 08/14) (08/15 08/28) (08/29 09/25) (09/26 10/30) (10/31 12/31)
Night $82 $99 $116 $183 $228 $250 $260 $250 $212 $135 $116 $90
Week $390 $495 $593 $993 $1365 $1498 $1590 $1498 $1267 $750 $650 $450
Snowbird Monthly Rate | Oct-Mar: $1200

Property Details

• Bedrooms: 2
• Baths: 2.00
• Square Footage: 1,075 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $5,333/month (see Rent Estimates for more info)
• 60.00% Vacancy Adjustment: $3,200/month (see Vacancy Estimates for more info)
• Net Rent: $2,133/month
• NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.

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We have analyzed this deal to see how this particular single family home in Pawleys Island would be as a rental property. Read the article Income, Depreciation, Equity Build Up, Appreciation and Leverage in Deal Analysis for an overview of how I do the deal analysis below.

Where is this property?

It is located in Pawleys Island, SC. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #4046 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Myrtle Beach Real Estate Resources Website featuring real estate investor articles and local deals.

Run your own analysis on this particular property. Use our new, FREE Offer Generator real estate investor tool to change our assumptions and use your own.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Pawleys Island area.

Learn to find motivated sellers using marketing in Buying Houses with Oversize Post Cards. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #4046 and they can give you the full details about this property and help you in purchasing it.

The Story

Before we get into our full analysis, here is some of the interesting story for this particular deal:

From the agent: Absolutely the best priced raised beach home in Litchfield and only 3 short minutes to EZ Litchfield Beach access. Nine foot ceilings and crown molding throughout. Vaulted ceiling in living room/dining area. Corian kitchen counters and master bath with a double bowl raised vanity. Under home parking and a spacious screened porch. Low HOA fee. Currently a Good Cents home. 1 year home warranty included.

Read Single Family Homes Versus Multi-Units: The Great Real Estate Investor Debate.

Property Details

• Bedrooms: 3
• Baths: 2.00
• Square Footage: 1,250 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $1,100/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $44/month (see Vacancy Estimates for more info)
• Net Rent: $1,056/month
• NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.

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