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This property might be a fair Long-Term investment with a projected 1.3% first-year return on $47,250 initial cash invested.
1.3%
Cash On Cash
6.79%
Cap Rate
1.13
DSCR
$1,960
Rent
$51
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,960
Total Expenses
$1,909
Mortgage P&I
57%
$1,125
Property Taxes
10%
$195
Home Insurance
4%
$79
PManagement
10%
$196
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 |
|---|---|---|---|---|---|
606 W Perry Rd, Myrtle Beach, SC 29579 | $2,300 | 3 | 2 | 1378 | 0.4 mi |
724 W Perry Rd, Myrtle Beach, SC 29579 | $1,995 | 3 | 2 | 1378 | 0.7 mi |
1608 Palmetto Palm Dr, Myrtle Beach, SC 29579 | $2,100 | 3 | 2 | 1424 | 0.5 mi |
2296 Courtina-418 Way, Unit Tuscan, Conway, SC 29526 | $2,315 | 3 | 2 | 1397 | 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