North Myrtle Beach Analyzed Property

[Shane Lafleur]

View report

*This link comes directly from our calculators, based on information input by the member who posted.

New to understanding how to analyze deals and new investor. 

My wife and I have been visiting the Myrtle Beach Area for over 10 years now and  we are thinking about starting off our real estate investing venture with a property in the North Myrtle Beach Area. Ideally we would buy the property as a second home, use private money from family and friends. Regardless i was searching around at the properties in the area and came across this property that I ran numbers on.

Most of the properties I run numbers on from the big property websites are mostly not deals, but this one seemed to work from first glance. I was heavy on the rehab costs as it looks newly renovated on majority of the property inside but could use newer fixtures and some flair. 

Let me know how the report looks?

what you would possible change?

Is this a deal?

#Raleigh #MyrtleBeach #NorthMyrtleBeach #Vacationrentals

Thanks,

Shane Lafleur

[Jeffrey Long]

Your property taxes seem to be a bit off. You're using our primary residence tax rate. Investment property tax rate is approximately three times that. Rent is a bit optimistic as well, probably by around $100 unless you're fairly close to the ocean.