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This property might be a fair Long-Term investment with a projected 1.97% first-year return on $48,090 initial cash invested.
1.97%
Cash On Cash
6.93%
Cap Rate
1.15
DSCR
$1,880
Rent
$79
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,880
Total Expenses
$1,801
Mortgage P&I
61%
$1,150
Property Taxes
4%
$82
Home Insurance
4%
$80
PManagement
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
483 Wallingford Cir, Myrtle Beach, SC 29588 | $1,795 | 3 | 2 | 1038 | 1 mi |
3686 Chapel Ln, Myrtle Beach, SC 29588 | $1,200 | 3 | 2 | 1010 | 0.7 mi |
649 Rambler Ct, Myrtle Beach, SC 29588 | $1,800 | 3 | 2 | 1200 | 0.9 mi |
4332 Peachtree Dr, Myrtle Beach, SC 29588 | $1,750 | 3 | 2 | 1050 | 2.3 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