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This property might be a fair Long-Term investment with a projected 2.17% first-year return on $31,500 initial cash invested.
2.17%
Cash On Cash
7.27%
Cap Rate
1.17
DSCR
$1,510
Rent
$57
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$150k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$31,500
Downpayment
20%
$30,000
Closing costs
1%
$1,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,510
Total Expenses
$1,453
Mortgage P&I
51%
$776
Property Taxes
15%
$231
Home Insurance
3%
$52
PManagement
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
510 28th Ave N, Apt 7, Myrtle Beach, SC 29577 | $1,195 | 2 | 1 | 750 | 2 mi |
1205 Tiffany Ln, Apt G, Myrtle Beach, SC 29577 | $1,500 | 2 | 1.5 | 874 | 0.9 mi |
403 11th Ave S Unit A, Myrtle Beach, SC 29577 | $1,800 | 2 | 1 | 1000 | 0.9 mi |
403 11th Ave S Unit B, Myrtle Beach, SC 29577 | $1,800 | 2 | 1 | 1000 | 0.9 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