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This property looks like a bad Long-Term investment with a projected -2.23% first-year return on $61,950 initial cash invested.
-2.23%
Cash On Cash
5.95%
Cap Rate
0.99
DSCR
$2,060
Rent
-$115
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$2,175
Mortgage P&I
72%
$1,475
Property Taxes
3%
$61
Home Insurance
5%
$103
PManagement
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
635 Blackstone Dr, Myrtle Beach, SC 29588 | $1,950 | 3 | 2 | 1364 | 0.2 mi |
501 Boone Trl, Myrtle Beach, SC 29588 | $1,845 | 3 | 2 | 1438 | 0.4 mi |
978 Castlewood Dr, Conway, SC 29526 | $1,995 | 3 | 2 | 1400 | 1.5 mi |
2296 Courtina-418 Way, Unit Tuscan, Conway, SC 29526 | $2,315 | 3 | 2 | 1397 | 1.8 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