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This property looks like a bad Long-Term investment with a projected -3.13% first-year return on $62,790 initial cash invested.
-3.13%
Cash On Cash
5.59%
Cap Rate
0.97
DSCR
$2,270
Rent
-$164
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$299k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,790
Downpayment
20%
$59,800
Closing costs
1%
$2,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,270
Total Expenses
$2,434
Mortgage P&I
64%
$1,444
Property Taxes
10%
$217
Home Insurance
5%
$105
HOA
3%
$77
PManagement
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
280 Barclay Dr, Myrtle Beach, SC 29579 | $1,975 | 4 | 2 | 1872 | 0.6 mi |
101 Zinnia Dr, Myrtle Beach, SC 29579 | $2,375 | 4 | 2 | 1884 | 0.5 mi |
1871 Villena Dr, Myrtle Beach, SC 29579 | $2,195 | 4 | 2 | 1780 | 1.5 mi |
8160 Forest Edge Dr, Myrtle Beach, SC 29579 | $2,399 | 4 | 2 | 1779 | 1.6 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