REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

568 Cottage Oaks Circle, Myrtle Beach, SC 29579

3 beds • 2 baths • 1267 sqft

Email

This property looks like a bad Airbnb investment with a projected -6.26% first-year return on $75,351 initial cash invested.

-6.26%

Cash On Cash

4.67%

Cap Rate

0.78

DSCR

$2,250

Rent

-$393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,351

Downpayment

20%

$54,620

Closing costs

1%

$2,731

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,250

Total Expenses

$2,643

Mortgage P&I

61%

$1,365

Property Taxes

3%

$66

Home Insurance

4%

$98

HOA

2%

$34

Property Management

15%

$338

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

Private 3BR Cottage with Hot Tub

$3,833

$252

3

2

0.08 mi

2 BR Near Broadway | Indoor Pool & Family Fun

$2,540

$167

2

2

0.15 mi

River Oaks • Pool-Tennis-Beach!

$2,783

$183

2

2

0.17 mi

Condo in Myrtle Beach, A Hole In One!

$1,414

$93

2

2

0.21 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis