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Project Rental Revenue For Any Address

Long-Term Rental Analysis
616 Towhee Ct., Myrtle Beach, SC 29588
$310,0003 beds • 2 baths • 1244 sqft

This property looks like a bad Long-Term investment with a projected -14.1% first-year return on $65,100 initial cash invested.

Cash On Cash
-14.1%
Cap Rate
3.78%
Rent
$1,847
Cashflow
-$765
Rent Confidence:  High
Annual
$22,164
Median
$1,850
Avg
$1,849
Samples
25
Financing

Purchase Price  $310k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $65,100
Downpayment  20% $62,000
Closing costs  1% $3,100
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $1,847
Total Expenses  $2,612
Mortgage P&I  89% $1,650
Property Taxes  18% $326
Home Insurance  6% $108
HOA  3% $48
PManagement  10% $185
CapEx  5% $92
Vacancy  6% $111
Maintenance  5% $92
Other  0% $0
Google Maps with the subject property comparables is loading...
#Comparable PropertyRentBedsBathsSQFTDistance
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2200 Kestrel Ct$16503212250.2 mi
3294 Caspian Tern Dr$19503212440.7 mi
4120 Lazy Willow Ln, Unit 102$18493213001.3 mi
5197 Osprey Cove Loop$17003214270.3 mi
6100 Lazy Willow Ln, Unit 103$18493211511.3 mi
7240 Portsmith Dr$13003212002 mi
8207 Sebring Ln$18003212002 mi
9111 Portsmith Dr, Unit 7$15503213002 mi
10315 Augustine Dr$18253212642.8 mi
111242 Eagle Creek Dr$20003215181 mi
12101 Leadoff Dr$13653212753.5 mi
13177 Hampton Park Cir$21003213483.2 mi
143021 Sabal Ct$19503212644.2 mi
15505 White Hawk Ct$2200320.7 mi
16157 Ella Kinley Cir, Unit 101$19003213103.9 mi
17264 Hampton Park Cir$19003213903 mi
181011 Bonita Loop$1995320.8 mi
19150 Ella Kinley Cir, Unit 401$18503213104 mi
20525 Black Pearl Way$24003214752.5 mi
219030 Baywood Cir$14003216001.4 mi
22118 Birch N Coppice Dr, Apt 3$18503212164.5 mi
238031 Resin Rd$20503212014.4 mi
246404 Royal Pine Dr$18953216301.2 mi
25877 Devon Estate Ave$21003214093.2 mi

Projections