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This property looks like a bad Long-Term investment with a projected -3.97% first-year return on $50,190 initial cash invested.
-3.97%
Cash On Cash
5.7%
Cap Rate
0.93
DSCR
$1,730
Rent
-$166
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,730
Total Expenses
$1,896
Mortgage P&I
70%
$1,216
Property Taxes
9%
$147
Home Insurance
5%
$84
PManagement
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
---|---|---|---|---|---|
6661 Wisteria Dr, Myrtle Beach, SC 29588 | $1,695 | 2 | 2 | 1300 | 0.7 mi |
6851 King Arthur Dr, Myrtle Beach, SC 29588 | $1,750 | 2 | 2 | 1300 | 0.7 mi |
765 Riverward Dr, Myrtle Beach, SC 29588 | $1,975 | 2 | 2 | 1200 | 2 mi |
9490 Leeds Cir, Myrtle Beach, SC 29588 | $1,900 | 2 | 2 | 1100 | 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