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This property looks like a bad Long-Term investment with a projected -3.41% first-year return on $57,351 initial cash invested.
-3.41%
Cash On Cash
5.69%
Cap Rate
0.95
DSCR
$1,890
Rent
-$163
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
$57,351
Downpayment
20%
$54,620
Closing costs
1%
$2,731
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,890
Total Expenses
$2,053
Mortgage P&I
72%
$1,365
Property Taxes
3%
$66
Home Insurance
5%
$98
HOA
2%
$34
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
578 Oakmont Dr, Myrtle Beach, SC 29579 | $2,200 | 3 | 2 | 1298 | 0.6 mi |
321 Mckendree Ln, Myrtle Beach, SC 29579 | $1,750 | 3 | 2 | 1268 | 1.1 mi |
120 Fountain Pointe Ln, Unit 204, Myrtle Beach, SC 29579 | $1,300 | 3 | 2 | 1328 | 1 mi |
363 Vesta Dr, Myrtle Beach, SC 29579 | $1,700 | 3 | 2 | 1250 | 1.6 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