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This property looks like a bad Long-Term investment with a projected -4.06% first-year return on $58,779 initial cash invested.
-4.06%
Cash On Cash
5.92%
Cap Rate
$2,000
Rent
-$199
Cashflow
$28,560
Annaul
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,000
Total Expenses
$2,199
Mortgage P&I
74%
$1,480
Property Taxes
2%
$40
Home Insurance
5%
$98
HOA
3%
$61
PManagement
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
315 Augustine Dr, Myrtle Beach, SC 29588 | $1,945 | 3 | 2 | 1264 | 0.8 mi |
400 Meadowbrook Dr, Myrtle Beach, SC 29588 | $2,500 | 3 | 2 | 1305 | 1.1 mi |
177 Hampton Park Cir, Myrtle Beach, SC 29588 | $2,300 | 3 | 2 | 1348 | 0.8 mi |
111 Portsmith Dr, Unit 7, Myrtle Beach, SC 29588 | $1,450 | 3 | 2 | 1300 | 1.3 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