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This property looks like a bad Long-Term investment with a projected -21.76% first-year return on $201k initial cash invested.
-21.76%
Cash On Cash
1.35%
Cap Rate
0.23
DSCR
$2,400
Rent
-$3,643
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$957k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$191k
Closing costs
1%
$9,565
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,400
Total Expenses
$6,043
Mortgage P&I
192%
$4,603
Property Taxes
9%
$205
Home Insurance
14%
$343
HOA
11%
$268
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
5349 Ocean Village Dr, Myrtle Beach, SC 29577 | $3,000 | 3 | 3 | 1814 | 0 mi |
613 62nd Ave N, Myrtle Beach, SC 29572 | $2,300 | 3 | 2.5 | 1850 | 1 mi |
5918 Woodside Ave, Myrtle Beach, SC 29577 | $2,800 | 3 | 2.5 | 2400 | 0.8 mi |
5751 Whitebark Dr, Myrtle Beach, SC 29577 | $2,650 | 3 | 2 | 2204 | 0.9 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