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This property looks like a bad Long-Term investment with a projected -4.35% first-year return on $59,535 initial cash invested.
-4.35%
Cash On Cash
5.5%
Cap Rate
0.92
DSCR
$1,970
Rent
-$216
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$284k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,535
Downpayment
20%
$56,700
Closing costs
1%
$2,835
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,970
Total Expenses
$2,186
Mortgage P&I
72%
$1,417
Property Taxes
4%
$69
Home Insurance
5%
$99
HOA
5%
$90
PManagement
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
112 Centennial Cir, Myrtle Beach, SC 29579 | $2,200 | 3 | 2 | 1620 | 0.4 mi |
6017 Quinn Rd, Myrtle Beach, SC 29579 | $1,950 | 3 | 2 | 1701 | 0.9 mi |
6031 Quinn Rd, Myrtle Beach, SC 29579 | $2,300 | 3 | 2 | 1501 | 0.8 mi |
4601 Cypress Bay Ct, Myrtle Beach, SC 29579 | $1,700 | 3 | 2 | 1793 | 0.2 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