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Are you considering a vacation rental investment? Have you researched where you’ll get the best return on your investment on a vacation home as you diversify your investment portfolio?
Click here for Oceanfront Condos to see some great deals!
Whether you’re a first-time investor or a top performer in the real estate investment industry, Myrtle Beach, SC continues to prove its value to investors and remains one of the top 10 best places to buy a rental property. With miles of beach along the Grand Strand, predictable tourism, a large inventory of ocean front condominiums, and the opportunity to leverage cash flow to reduce carrying costs, it’s an easy market to enter.
The median listing price for real estate in Myrtle Beach is $175,000, making this beach town paradise an affordable place to buy a vacation home.
The average vacation rental in Myrtle Beach can expect to generate $22,032 in a 12-month period, while investors who chose to make improvements by upgrading their unit went on to make $52,000 in one year (verifiable GAI for 2018), proving there’s great potential for owners to make money in this seaside beach town.
Click here for Oceanfront Condos to see some great deals and sign up below for our ROI Calculation Spreadsheet to learn what your investment potential is in our Myrtle Beach market.
Coastal Home Living
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