$176,807*
●
Condo -
Off Market
950 Forestbrook Rd. #C7
Myrtle Beach, SC 29579
2 Beds
1 Bath
$153,000 - $187,000
Reference Base Price*
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
The perfect newly renovated second floor investment property that
is close to the beach but out of the hustle and bustle of down
town. This 2 BR/1 bath unit has a balcony over looking the woods in
the sought after Forestbrook community. This is the perfect
investment property with a tenant already in place.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
-
HOA Dues
$200
Year Built
1981
Payment Calculator
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Cap Rate Calculator
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Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2022 | No longer available | - | |
| No longer available | |||
| May 6, 2022 | Listed | $170,000 | |
| Listed | |||
| Dec 23, 2021 | No longer available | - | |
| No longer available | |||
| Oct 14, 2021 | Listed | $83,000 | |
| Listed | |||
| | |||
|
Looking for an investment property or a place that is close to the beach but out of the hustle of the tourist area? Well look no further. This 2 bedroom/1 bath unit is on the second floor and has a balcony overlooking the wooded area behind the complex. Plenty of walking space for your pet and has park benches throughout the area as well as a large sitting area nestled under the trees. Schedule your showing today!
| |||
Property Highlights
Air Conditioning
With View
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/13/2024
|
2 Bed
|
1 Bath
|
-
|
$139,900
2 Bed
1 Bath
|
-
-
|
Joseph Levy
Beach & Forest Realty
| |
|
05/11/2024
|
2 Bed
|
1 Bath
|
-
|
$129,990
2 Bed
1 Bath
|
-
-
|
Walter Matias Hipolito De Oliveira
BRG Real Estate
| |
|
03/04/2024
|
2 Bed
|
1 Bath
|
-
|
$125,000
2 Bed
1 Bath
|
-
-
|
Ford Duncan
Duncan Group Properties
| |
|
11/02/2023
|
2 Bed
|
1 Bath
|
-
|
$129,990
2 Bed
1 Bath
|
-
-
|
Walter Matias Hipolito De Oliveira
BRG Real Estate
| |
|
10/05/2023
|
2 Bed
|
1 Bath
|
-
|
$129,990
2 Bed
1 Bath
|
-
-
|
Walter Matias Hipolito De Oliveira
BRG Real Estate
| |
|
09/07/2023
|
2 Bed
|
1 Bath
|
-
|
$135,000
2 Bed
1 Bath
|
-
-
|
Angela E. Manos
Century 21 Adams Real Estate
| |
|
06/19/2023
|
2 Bed
|
1 Bath
|
-
|
$129,900
2 Bed
1 Bath
|
-
-
|
Todd Cartner
Exit Coastal Real Estate Pros
| |
|
07/15/2022
|
2 Bed
|
1 Bath
|
-
|
$144,900
2 Bed
1 Bath
|
$124,000
-14.42%
02/08/2023
|
The Brandi Minchillo Team
RE/MAX Southern Shores
| |
|
06/11/2022
|
2 Bed
|
1 Bath
|
-
|
$105,000
2 Bed
1 Bath
|
-
-
|
Jason Killam
Beach and Mountain Properties
| |
|
05/06/2022
|
2 Bed
|
1 Bath
|
-
|
$170,000
2 Bed
1 Bath
|
-
-
|
Chris Koppel Team
BRG Real Estate
| |
|
05/06/2022
|
2 Bed
|
1 Bath
|
-
|
$160,000
2 Bed
1 Bath
|
-
-
|
Chris Koppel Team
BRG Real Estate
| |
|
05/06/2022
|
2 Bed
|
1 Bath
|
-
|
$170,000
2 Bed
1 Bath
|
-
-
|
Chris Koppel Team
BRG Real Estate
| |
|
05/06/2022
|
2 Bed
|
1 Bath
|
-
|
$170,000
2 Bed
1 Bath
|
-
-
|
Chris Koppel Team
BRG Real Estate
| |
|
03/07/2022
| |
Studio
|
-
|
-
|
$485,000
Studio
-
|
-
-
|
Ester Esti Simantov
Own Myrtle Real Estate
|
|
01/14/2022
|
2 Bed
|
1 Bath
|
-
|
$95,000
2 Bed
1 Bath
|
-
-
|
Joanny Jo Moran-Rivera
eXp Realty LLC
| |
|
11/18/2021
|
2 Bed
|
1 Bath
|
-
|
$85,900
2 Bed
1 Bath
|
-
-
|
Jason Killam
Beach and Mountain Properties
| |
|
10/14/2021
|
2 Bed
|
1 Bath
|
-
|
$83,000
2 Bed
1 Bath
|
-
-
|
Todd Cartner
Exit Coastal Real Estate Pros
| |
|
01/26/2021
|
2 Bed
|
1 Bath
|
-
|
$70,000
2 Bed
1 Bath
|
$63,000
-10.00%
03/17/2021
|
Taylor Spangler
| |
|
03/03/2020
|
2 Bed
|
1 Bath
|
-
|
$85,000
2 Bed
1 Bath
|
-
-
|
-
| |
|
08/01/2019
|
2 Bed
|
1 Bath
|
-
|
$67,500
2 Bed
1 Bath
|
-
-
|
-
| |
|
06/07/2019
|
2 Bed
|
1 Bath
|
-
|
$64,000
2 Bed
1 Bath
|
$57,500
-10.16%
09/13/2019
|
Denise Farley
| |
|
05/23/2019
|
2 Bed
|
1 Bath
|
-
|
$65,500
2 Bed
1 Bath
|
-
-
|
-
| |
|
04/15/2019
|
2 Bed
|
1 Bath
|
-
|
$59,900
2 Bed
1 Bath
|
-
-
|
-
| |
|
04/12/2019
|
2 Bed
|
1 Bath
|
-
|
$64,000
2 Bed
1 Bath
|
-
-
|
-
| |
|
03/15/2019
|
2 Bed
|
1 Bath
|
-
|
$70,000
2 Bed
1 Bath
|
$60,000
-14.29%
02/07/2020
|
Nathan Cook
| |
|
01/21/2019
|
2 Bed
|
1 Bath
|
-
|
$70,000
2 Bed
1 Bath
|
-
-
|
-
| |
|
07/06/2018
|
2 Bed
|
1 Bath
|
-
|
$69,999
2 Bed
1 Bath
|
-
-
|
-
| |
|
05/29/2018
| |
2 Bed
|
1 Bath
|
-
|
-
2 Bed
1 Bath
|
-
-
|
-
|
|
05/16/2018
|
2 Bed
|
1 Bath
|
-
|
$65,000
2 Bed
1 Bath
|
$57,000
-12.31%
08/24/2018
|
Brittany Foy & Associates
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017