Furnished Short-Term Rental
New
For Sale
$199,900
6001-1092 S Kings Highway, Myrtle Beach, SC 29575
Coastal retreat with furnished interiors, covered porch, driveway parking, and access to Ocean Lakes amenities near the beach.
Property Size720 SF
Price / SF$277.64
Days on Market4
Property Features for 6001-1092 S Kings Highway
General Information
Standard status
Active
Size
720 SF
Property subtype
Land
Building Details
Year Built
1986
Listing Agency:
RE/MAX Southern Shores Nmb
(843) 603-1439
Listed By:
The Dream Haven Group
(843) 417-0095
Source:
Dreamhavengroupmb
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 11 at 2:23PM
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 RE/MAX Southern Shores Nmb
Investment Insights
Based on property information with market context.
This furnished short-term rental home in Ocean Lakes Family Campground offers 720 square feet with 2 bedrooms and 2 bathrooms. Built in 1986, the residence includes a naturally bright living room, a kitchen connected to a spacious dining area, two furnished bedrooms, and storage in the primary bedroom. A covered front porch extends the usable living space, while the driveway provides on-site parking.
Located at 6001-1092 S Kings Highway in Myrtle Beach, the home is a short distance from the beach. Owners and guests have access to Ocean Lakes amenities including pools, a water park, lazy river, playgrounds, recreation areas, and the beach. The property is identified as a short-term rental property and is also described as suitable for use as a vacation retreat or personal beach residence.
Located at 6001-1092 S Kings Highway in Myrtle Beach, the home is a short distance from the beach. Owners and guests have access to Ocean Lakes amenities including pools, a water park, lazy river, playgrounds, recreation areas, and the beach. The property is identified as a short-term rental property and is also described as suitable for use as a vacation retreat or personal beach residence.
Key Highlights
- 2‑bedroom, 2‑bath home with 720 SF
- Located in Ocean Lakes Family Campground
- Short distance to the beach
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,647
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$132,940
$132.9K
Cap Rate 7%
$94,957
$95.0K
Cap Rate 9%
$73,856
$73.9K
Market Conditions
NOI Build-Up for 720 SF
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.
Gross rent
$12.6K $17.52/SF
− Vacancy
−$530 −$0.74/SF
EGI
$12.1K $16.78/SF
− OpEx
−$5.4K −$7.55/SF
NOI
$6.6K $9.23/SF
Area
Horry County, SC
Vacancy
4.20%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$132,940
Cap Rate 7%
$94,957
Cap Rate 9%
$73,856
Alternative Uses
Best Use
Apartment 5plus
$95.0K
$83.1K – $110.8K
NOI $6,647 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$182.5K
$159.7K – $212.9K
NOI $12,773 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 29575, SC
18,135
Population
16,761
Households
1.1
Avg Household Size
57
Median Age
33%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$72,029
Median Household Income
$38,182
Median Earnings
$1,234
Median Rent
$278,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Coastal retreat with furnished interiors, covered porch, driveway parking, and access to Ocean Lakes amenities near the beach.
Where is this short term rental property located?
The property is located at 6001-1092 S Kings Highway Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath home with 720 SF; Located in Ocean Lakes Family Campground; Short distance to the beach
