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This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $119k initial cash invested.
-14.86%
Cash On Cash
2.62%
Cap Rate
0.48
DSCR
$2,160
Rent
-$1,474
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
5.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,160
Total Expenses
$3,634
Mortgage P&I
121%
$2,606
Property Taxes
8%
$170
Home Insurance
9%
$198
HOA
5%
$98
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
4887 Magnolia Pointe Ln, Apt 205, Myrtle Beach, SC 29577 | $1,650 | 3 | 2 | 1450 | 0.5 mi |
611 Calhoun Rd, Myrtle Beach, SC 29577 | $2,400 | 3 | 2 | 1488 | 0.8 mi |
6536 Valene Ct, Myrtle Beach, SC 29572 | $1,850 | 3 | 2 | 1501 | 1.2 mi |
6517 Valene Ct, Myrtle Beach, SC 29572 | $1,850 | 3 | 2 | 1501 | 1.2 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