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This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $48,090 initial cash invested.
-5.99%
Cash On Cash
5.15%
Cap Rate
0.86
DSCR
$1,620
Rent
-$240
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,620
Total Expenses
$1,860
Mortgage P&I
70%
$1,142
Property Taxes
8%
$122
Home Insurance
5%
$80
HOA
6%
$95
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
505 Tree Top Ln, Unit 2, Myrtle Beach, SC 29588 | $1,495 | 2 | 2 | 900 | 0.6 mi |
6548 Laguna Pt, Myrtle Beach, SC 29588 | $1,500 | 2 | 2 | 0.3 mi | |
505 Tree Top Ln, # B, Myrtle Beach, SC 29588 | $1,600 | 2 | 2 | 0.6 mi | |
505 Tree Top Ln, Unit B, Myrtle Beach, SC 29588 | $1,600 | 2 | 2 | 0.6 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