Unlock all features! Tap here to upgrade
This property looks like a bad Long-Term investment with a projected -7.91% first-year return on $59,008 initial cash invested.
-7.91%
Cash On Cash
5.05%
Cap Rate
$1,710
Rent
-$389
Cashflow
$28,560
Annaul
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$281k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,008
Downpayment
20%
$56,198
Closing costs
1%
$2,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,710
Total Expenses
$2,099
Mortgage P&I
87%
$1,485
Property Taxes
4%
$70
Home Insurance
6%
$98
PManagement
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
765 Riverward Dr, Myrtle Beach, SC 29588 | $1,975 | 2 | 2 | 1200 | 1.3 mi |
6851 King Arthur Dr, Myrtle Beach, SC 29588 | $1,800 | 2 | 2 | 1300 | 0.3 mi |
2265 Huntingdon Dr, Apt I, Myrtle Beach, SC 29575 | $1,500 | 2 | 2 | 1100 | 3.8 mi |
2000 Cross Gate Blvd, Unit 205, Surfside Beach, SC 29575 | $1,400 | 2 | 2 | 1000 | 4 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