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For sale 3 days ago

$239,900

3 bd 2 ba 1375 sqft

1234 River Oaks Dr, Myrtle Beach, SC 29579

Residential Condo

Current Rent **

N/A

Projected Rent **

$1,950

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Turnkey 3-Bedroom Top Floor End Unit Condo Suitable for STR, MTR, or LTR

Sold Fully Furnished. Projected rent of $1950/month as a long-term rental, $35k GRI as a short-term vacation rental. Several units in this community are operating as STRs. Low HOA fee covers water/sewer, trash pickup, basic cable TV, landscaping, insurance for the building, security, and maintenance of the pool and common areas. See listing detail:

Come live the good life in this peaceful top floor end unit at The Fairways! Nestled in the trees, and away from the road, this gorgeous 3-bed condo blends the tranquility of nature with chic modern comfort. Sold fully FURNISHED, this unit features newer flooring throughout and like-new furniture, including an insanely comfortable leather sectional you won't want to get up from! You'll appreciate the open concept living area and tall cathedral ceilings, and the kitchen is well equipped with everything you need. The stainless steel appliances are also fairly new, and the unit comes with a washer and dryer. Your primary bedroom offers a King bed, en suite bathroom, and a sliding door that leads to a private screened-in balcony retreat where you can enjoy your morning coffee or unwind in the evenings. A Queen bed and bunk beds round out the other two bedrooms, which share the large hallway bathroom. The owner has taken great care of this property. It has never been rented but would make an excellent short-term rental. You and your guests will enjoy the clean, well-kept community pool and hot tub, as well as the native wildlife that calls this place home. The Fairways is close to everything and just 15minutes to the beach. The HOA fee covers 24/7 security patrol, trash and recycling pickup, basic cable TV, water and sewer, pest control, and insurance for the building. Conventional financing is available, and the owner may be willing to cover closing costs. Come snatch this one up before it's too late!

Location:

1234 River Oaks Dr, Myrtle Beach, SC 29579

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.