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This property looks like a bad Long-Term investment with a projected -9.14% first-year return on $62,475 initial cash invested.
-9.14%
Cash On Cash
4.77%
Cap Rate
0.75
DSCR
$1,810
Rent
-$476
Cashflow
$28,560
Annaul
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,475
Downpayment
20%
$59,500
Closing costs
1%
$2,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$2,286
Mortgage P&I
87%
$1,568
Property Taxes
3%
$61
Home Insurance
6%
$104
HOA
5%
$83
PManagement
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
2468 Whetstone Ln, Myrtle Beach, SC 29579 | $1,875 | 3 | 2 | 1325 | 0.2 mi |
2542 Whetstone Ln, Myrtle Beach, SC 29579 | $1,500 | 3 | 2 | 1324 | 0.2 mi |
884 Silvercrest Dr, Myrtle Beach, SC 29579 | $1,900 | 3 | 2 | 1349 | 0.6 mi |
889 Silvercrest Dr, Myrtle Beach, SC 29579 | $2,000 | 3 | 2 | 1319 | 1 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality