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This property looks like a bad Long-Term investment with a projected -2.96% first-year return on $46,179 initial cash invested.
-2.96%
Cash On Cash
6.16%
Cap Rate
0.97
DSCR
$1,670
Rent
-$114
Cashflow
$28,560
Annaul
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$220k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,179
Downpayment
20%
$43,980
Closing costs
1%
$2,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,670
Total Expenses
$1,784
Mortgage P&I
69%
$1,159
Property Taxes
7%
$113
Home Insurance
5%
$77
PManagement
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
510 28th Ave N, Apt 5, Myrtle Beach, SC 29577 | $1,395 | 2 | 2 | 750 | 2 mi |
476 River Oaks Dr, Apt 64H, Myrtle Beach, SC 29579 | $1,225 | 2 | 2 | 0.6 mi | |
1205 Tiffany Ln, Apt G, Myrtle Beach, SC 29577 | $1,500 | 2 | 1.5 | 874 | 0.9 mi |
510 28th Ave N, Apt 7, Myrtle Beach, SC 29577 | $1,195 | 2 | 1 | 750 | 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