Turnkey Property in Myrtlewood
4754 Cloisters Ln Myrtle Beach, SC 29577
4754 Cloisters Ln, Myrtle Beach, SC, 29577
Contact for pricing
For Sale
Contact for pricing
Fully furnished property ideal for short-term rentals near Myrtle Beach.
Property Size2,108 SF
Price / SF$206.36
Days on Market157
Property Features for 4754 Cloisters Ln
General Information
- Standard status
- Active
- Size
- 2,108 SF
- Property subtype
- Hospitality, Multifamily
Building Details
- Year Built
- 2017
Listing Agency
Innovate Real Estate
Listed by
Shayne Steiner · License #130156
Source
Crexi
Added: Feb 10 Checked: Jul 16 at 6:27 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Innovate Real Estate
Investment Insights
Based on property information with market context.
Located in the Cloisters at Myrtlewood community, this turnkey property is suited for short-term rental investors. It is located near the beach, championship golf, dining, shopping, and entertainment. The property features an open-concept floor plan with a living area. The kitchen includes granite countertops, stainless steel appliances, and a breakfast bar. The primary suite offers a walk-in closet and ensuite bath. There are two additional bedrooms. Additional conveniences include a dedicated laundry room and walk-in linen storage. Outdoor features include low-maintenance landscaping and a fenced patio space. This property is suited for Airbnb and VRBO use, offering occupancy potential, seasonal rate flexibility, and income opportunity. The property is move-in-ready and built to generate revenue. The property size is 2108 square feet.
Key Highlights
- Turnkey property in a highly sought‑after community, ideal for short‑term rental investors.
- Prime location: short golf cart ride to the beach and close to golf, dining, shopping, and entertainment.
- Open‑concept floor plan designed for guest experience, comfortably accommodating groups and families.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.9k | $17.52 |
| − Vacancy | −$1.6k | −$0.74 |
| EGI | $35.4k | $16.78 |
| − OpEx | −$15.9k | −$7.55 |
| NOI | $19.5k | $9.23 |
2,108 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$278.0K
$243.3K – $324.3K
NOI $19,460 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$534.3K
$467.5K – $623.3K
NOI $37,398 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Fully furnished property ideal for short-term rentals near Myrtle Beach.
Where is this short term rental property located?
The property is located at 4754 Cloisters Ln Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Turnkey property in a highly sought‑after community, ideal for short‑term rental investors.; Prime location: short golf cart ride to the beach and close to golf, dining, shopping, and entertainment.; Open‑concept floor plan designed for guest experience, comfortably accommodating groups and families.
