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This property looks like a bad Long-Term investment with a projected -6.62% first-year return on $54,579 initial cash invested.
-6.62%
Cash On Cash
5.33%
Cap Rate
0.86
DSCR
$2,220
Rent
-$301
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,220
Total Expenses
$2,521
Mortgage P&I
61%
$1,345
Property Taxes
13%
$286
Home Insurance
4%
$91
HOA
10%
$222
PManagement
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
1059 Agostino Dr, Myrtle Beach, SC 29579 | $2,200 | 3 | 3 | 1933 | 1.1 mi |
404 Stafford Dr, Myrtle Beach, SC 29579 | $2,100 | 3 | 3 | 1850 | 1.8 mi |
135 Fulbourn Pl, Myrtle Beach, SC 29579 | $2,000 | 3 | 2.5 | 1700 | 0.1 mi |
200 Yams Dr, Unit D, Myrtle Beach, SC 29579 | $2,000 | 3 | 3.5 | 1884 | 1.2 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