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This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $60,690 initial cash invested.
-5.99%
Cash On Cash
5.56%
Cap Rate
$2,150
Rent
-$303
Cashflow
$28,560
Annaul
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$289k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,690
Downpayment
20%
$57,800
Closing costs
1%
$2,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,150
Total Expenses
$2,453
Mortgage P&I
71%
$1,533
Property Taxes
12%
$259
Home Insurance
5%
$101
PManagement
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
830 44th Ave N, Myrtle Beach, SC 29577 | $1,700 | 3 | 2.5 | 1400 | 1.1 mi |
3522 Lighthouse Way, Myrtle Beach, SC 29577 | $1,950 | 3 | 2 | 1401 | 0 mi |
1563 Landing Rd, Myrtle Beach, SC 29577 | $2,400 | 3 | 3 | 1800 | 0 mi |
1836 Berkley Village Loop, Myrtle Beach, SC 29579 | $2,000 | 3 | 2 | 1397 | 1.5 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