312 SIXTH AVE N

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312 SIXTH AVE N

MYRTLE BEACH, SC 29577
Asking Price
$3.15M
Cap Rate
10%
Asset Type
Multifamily
Class
Class B

What's Special

One of A kind Vacation Rental Single Family Units! New Construction - Sleeps 16! <p>One-of-a-kind vacation rental development in the heart of Downtown Myrtle Beach, close by to all the main attractions and one block to the beach!</p><p>4 Beautifully designed 2,602 SF functional homes with an open floor plan, 5 Bedrooms, 5 Baths, with fully separated bottom units that can also be rented separately from the main house. Sleeps 16. No HOA, as this is one of the only parcels that is divided only for these 4 homes - meaning full owner control.</p><p>Construction Completion - Q4 20

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NOI
$80,000
Cap Rate
2.54%
DSCR
0.43
Underwater
Cash-on-Cash
-11.32%
Monthly Payment
$15,579.534
Annual Cash Flow
$-106,954.406

Location & Travel Times