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This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $45,990 initial cash invested.
-15.08%
Cash On Cash
3.29%
Cap Rate
0.55
DSCR
$1,580
Rent
-$578
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$219k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$45,990
Downpayment
20%
$43,800
Closing costs
1%
$2,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,580
Total Expenses
$2,158
Mortgage P&I
70%
$1,100
Property Taxes
15%
$232
Home Insurance
5%
$77
HOA
21%
$338
PManagement
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
2005 Greens Blvd-myrtle Bch, Unit 405A, Myrtle Beach, SC 29577 | $1,499 | 2 | 2 | 851 | 0.1 mi |
1302 River Oaks Dr, Myrtle Beach, SC 29579 | $1,400 | 2 | 2 | 900 | 1.5 mi |
1286 River Oaks Dr, # 8M, Myrtle Beach, SC 29579 | $1,495 | 2 | 2 | 914 | 1.5 mi |
1314 River Oaks Dr, Myrtle Beach, SC 29579 | $1,600 | 2 | 2 | 914 | 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