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This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $60,879 initial cash invested.
-5.32%
Cash On Cash
5.28%
Cap Rate
0.88
DSCR
$1,940
Rent
-$270
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,940
Total Expenses
$2,210
Mortgage P&I
75%
$1,449
Property Taxes
5%
$91
Home Insurance
5%
$102
HOA
3%
$64
PManagement
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
606 W Perry Rd, Myrtle Beach, SC 29579 | $2,300 | 3 | 2 | 1378 | 0.4 mi |
724 W Perry Rd, Myrtle Beach, SC 29579 | $1,995 | 3 | 2 | 1378 | 0.6 mi |
1608 Palmetto Palm Dr, Myrtle Beach, SC 29579 | $2,100 | 3 | 2 | 1424 | 0.5 mi |
905 Martina Ct, Myrtle Beach, SC 29579 | $1,900 | 3 | 2 | 1325 | 1.4 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