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This property looks like a bad Long-Term investment with a projected -2.96% first-year return on $45,465 initial cash invested.
-2.96%
Cash On Cash
5.95%
Cap Rate
0.98
DSCR
$1,810
Rent
-$112
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$217k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,465
Downpayment
20%
$43,300
Closing costs
1%
$2,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$1,922
Mortgage P&I
61%
$1,095
Property Taxes
10%
$178
Home Insurance
4%
$76
HOA
6%
$103
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 |
|---|---|---|---|---|---|
6851 King Arthur Dr, Myrtle Beach, SC 29588 | $1,750 | 2 | 2 | 1300 | 0.9 mi |
6661 Wisteria Dr, Myrtle Beach, SC 29588 | $1,695 | 2 | 2 | 1300 | 1.1 mi |
9207 Serenity Pl, Murrells Inlet, SC 29576 | $1,800 | 2 | 2 | 1320 | 3.3 mi |
765 Riverward Dr, Myrtle Beach, SC 29588 | $1,975 | 2 | 2 | 1200 | 2.2 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