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622 Oakhurst Dr., Myrtle Beach, SC 29579

3 beds • 3 baths • 1300 sqft

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This property looks like a bad Long-Term investment with a projected -3.37% first-year return on $56,679 initial cash invested.

-3.37%

Cash On Cash

6.05%

Cap Rate

$2,150

Rent

-$159

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,150

Total Expenses

$2,309

Mortgage P&I

66%

$1,411

Property Taxes

8%

$163

Home Insurance

4%

$94

HOA

4%

$81

PManagement

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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3

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0.2 mi

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3

2.5

1422

0.2 mi

284 Bellegrove Dr, Myrtle Beach, SC 29579

$1,900

3

2

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0.3 mi

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$2,500

4

2

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1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

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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

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0.6 mi

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