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This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $58,590 initial cash invested.
-9.75%
Cash On Cash
4.58%
Cap Rate
$1,650
Rent
-$476
Cashflow
$28,560
Annaul
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$279k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,590
Downpayment
20%
$55,800
Closing costs
1%
$2,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,650
Total Expenses
$2,126
Mortgage P&I
88%
$1,459
Property Taxes
2%
$38
Home Insurance
6%
$98
HOA
6%
$103
PManagement
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
6659 E Sweetbriar Trl, Myrtle Beach, SC 29588 | $1,450 | 2 | 2 | 947 | 1.3 mi |
765 Riverward Dr, Myrtle Beach, SC 29588 | $1,975 | 2 | 2 | 1200 | 2.2 mi |
2265 Huntingdon Dr, Apt I, Myrtle Beach, SC 29575 | $1,500 | 2 | 2 | 1100 | 3.8 mi |
2000 Cross Gate Blvd, Unit 205, Surfside Beach, SC 29575 | $1,400 | 2 | 2 | 1000 | 4.4 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