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This property looks like a bad Long-Term investment with a projected -0.85% first-year return on $56,700 initial cash invested.
-0.85%
Cash On Cash
6.27%
Cap Rate
1.04
DSCR
$2,000
Rent
-$40
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,000
Total Expenses
$2,040
Mortgage P&I
68%
$1,350
Property Taxes
3%
$51
Home Insurance
5%
$94
HOA
1%
$25
PManagement
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
229 Holden Dr, Myrtle Beach, SC 29588 | $2,200 | 3 | 2 | 1319 | 0.5 mi |
131 Maggie Way, Myrtle Beach, SC 29588 | $1,950 | 3 | 2 | 1301 | 0.5 mi |
400 Meadowbrook Dr, Myrtle Beach, SC 29588 | $2,500 | 3 | 2 | 1305 | 0.9 mi |
217 Stonebridge Dr, Myrtle Beach, SC 29588 | $1,800 | 3 | 2 | 1275 | 0.5 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