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This property might be a fair Long-Term investment with a projected 2.23% first-year return on $47,250 initial cash invested.
2.23%
Cash On Cash
7.3%
Cap Rate
1.15
DSCR
$1,900
Rent
$88
Cashflow
$28,560
Annaul
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,900
Total Expenses
$1,812
Mortgage P&I
62%
$1,186
Property Taxes
1%
$25
Home Insurance
4%
$79
HOA
1%
$28
PManagement
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
486 Overcrest St, Myrtle Beach, SC 29579 | $1,895 | 3 | 2 | 1030 | 2.1 mi |
720 Bucklin Loop, Myrtle Beach, SC 29579 | $2,250 | 3 | 2 | 1237 | 0.8 mi |
4613 Southgate Pkwy, Myrtle Beach, SC 29579 | $1,745 | 3 | 2 | 1150 | 2.2 mi |
4110 Hunting Bow Trl, Myrtle Beach, SC 29579 | $2,099 | 3 | 2 | 1350 | 0.4 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