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This property might be a fair Long-Term investment with a projected 8.24% first-year return on $51,429 initial cash invested.
8.24%
Cash On Cash
8.34%
Cap Rate
1.38
DSCR
$2,410
Rent
$353
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,410
Total Expenses
$2,057
Mortgage P&I
51%
$1,230
Property Taxes
4%
$93
Home Insurance
4%
$86
HOA
1%
$22
PManagement
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
1063 Agostino Dr, Myrtle Beach, SC 29579 | $2,400 | 4 | 3 | 1949 | 1 mi |
631 Cottage Oaks Cir, Myrtle Beach, SC 29579 | $2,150 | 4 | 4 | 2129 | 0.1 mi |
2237 Beauclair Ct, Myrtle Beach, SC 29579 | $2,400 | 4 | 3 | 2400 | 1.6 mi |
4085 Alvina Way, Myrtle Beach, SC 29579 | $2,150 | 4 | 3 | 1919 | 1.8 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