Three-Bedroom Short-Term Rental
New
For Sale
$155,000
6001-1310 S Kings Highway, Myrtle Beach, SC 29575
Three-bedroom, two-bath residence with a porch, concrete driveway, and access to an amenity-rich gated campground community.
Property Size756 SF
Price / SF$205.03
Days on Market5
Property Features for 6001-1310 S Kings Highway
General Information
Standard status
Active
Size
756 SF
Property subtype
Land
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
indoor pool
outdoor pool
lazy-river water park with slides
mini golf
arcade
basketball courts
volleyball courts
on-site store
snack bars
private beachfront
gated community with 24-hour security
Building Details
Year Built
1981
Listing Agency:
RE/MAX Southern Shores Nmb
(843) 603-1439
Listed By:
The Dream Haven Group
(843) 417-0095
Source:
Dreamhavengroupmb
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 11 at 8:46AM
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 756-square-foot camper addition home, built in 1981, includes three bedrooms, two full bathrooms, a bright living area, kitchen with ample cabinetry, and an adjoining dining space. A front porch extends the usable living area, while the concrete driveway accommodates vehicles and a golf cart.
The property is located within Ocean Lakes Family Campground at 6001-1310 S Kings Highway in Myrtle Beach, South Carolina. Community amenities include indoor and outdoor pools, a lazy-river water park with slides, mini golf, an arcade, basketball and volleyball courts, an on-site store, snack bars, and nearly a mile of private beachfront. The gated community also provides 24-hour security.
The residence is identified as a short-term rental property and is presented for potential use as a primary residence, vacation retreat, or income-producing rental.
The property is located within Ocean Lakes Family Campground at 6001-1310 S Kings Highway in Myrtle Beach, South Carolina. Community amenities include indoor and outdoor pools, a lazy-river water park with slides, mini golf, an arcade, basketball and volleyball courts, an on-site store, snack bars, and nearly a mile of private beachfront. The gated community also provides 24-hour security.
The residence is identified as a short-term rental property and is presented for potential use as a primary residence, vacation retreat, or income-producing rental.
Key Highlights
- 756 SF camper addition home built in 1981
- Three bedrooms and two full bathrooms
- Front porch and concrete driveway with vehicle and golf cart parking
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
$6,979
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
4.50%
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%
$139,580
$139.6K
Cap Rate 7%
$99,700
$99.7K
Cap Rate 9%
$77,544
$77.5K
Market Conditions
NOI Build-Up for 756 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
$13.2K $17.52/SF
− Vacancy
−$556 −$0.74/SF
EGI
$12.7K $16.78/SF
− OpEx
−$5.7K −$7.55/SF
NOI
$7.0K $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%
$139,580
Cap Rate 7%
$99,700
Cap Rate 9%
$77,544
Alternative Uses
Best Use
Apartment 5plus
$99.7K
$87.2K – $116.3K
NOI $6,979 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.6K
$167.7K – $223.5K
NOI $13,412 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Three-bedroom, two-bath residence with a porch, concrete driveway, and access to an amenity-rich gated campground community.
Where is this short term rental property located?
The property is located at 6001-1310 S Kings Highway Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 756 SF camper addition home built in 1981; Three bedrooms and two full bathrooms; Front porch and concrete driveway with vehicle and golf cart parking
