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This property looks like a bad Long-Term investment with a projected -14.39% first-year return on $120k initial cash invested.
-14.39%
Cash On Cash
2.99%
Cap Rate
0.52
DSCR
$2,290
Rent
-$1,444
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$115k
Closing costs
1%
$5,733
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,290
Total Expenses
$3,734
Mortgage P&I
120%
$2,759
Property Taxes
8%
$176
Home Insurance
9%
$205
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
208 26th Ave S, Myrtle Beach, SC 29577 | $2,500 | 3 | 2.5 | 1567 | 0.3 mi |
830 Brenda Pl, Myrtle Beach, SC 29577 | $2,350 | 3 | 3 | 1800 | 1.2 mi |
625 11th Ave S, Myrtle Beach, SC 29577 | $2,125 | 3 | 2 | 1525 | 0.9 mi |
1631 Low Country Pl, Apt B, Myrtle Beach, SC 29577 | $1,600 | 3 | 2.5 | 1450 | 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