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This property looks like a bad Long-Term investment with a projected -6.72% first-year return on $73,017 initial cash invested.
-6.72%
Cash On Cash
4.62%
Cap Rate
0.81
DSCR
$2,060
Rent
-$409
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
5.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,017
Downpayment
20%
$69,540
Closing costs
1%
$3,477
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$2,469
Mortgage P&I
80%
$1,645
Property Taxes
3%
$58
Home Insurance
6%
$126
HOA
5%
$104
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
188 Tibton Cir, Myrtle Beach, SC 29588 | $2,000 | 3 | 2 | 1490 | 0.3 mi |
129 Powder Springs Loop, Myrtle Beach, SC 29588 | $2,150 | 3 | 2 | 1478 | 0.3 mi |
210 Tibton Cir, Myrtle Beach, SC 29588 | $2,000 | 3 | 2 | 1480 | 0.3 mi |
405 Harbour Reef Dr, Myrtle Beach, SC 29588 | $2,095 | 3 | 2 | 1620 | 0.7 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