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This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $149k initial cash invested.
-16.09%
Cash On Cash
2.82%
Cap Rate
0.47
DSCR
$2,870
Rent
-$1,999
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,870
Total Expenses
$4,869
Mortgage P&I
123%
$3,524
Property Taxes
7%
$213
Home Insurance
9%
$248
HOA
5%
$137
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
5645 Lacebark Preserve Trl, Unit The, Myrtle Beach, SC 29577 | $3,200 | 4 | 3 | 2100 | 1.1 mi |
702 47th Ave N, Myrtle Beach, SC 29577 | $2,500 | 4 | 3 | 2100 | 1.7 mi |
6513 Somerset Dr, Myrtle Beach, SC 29572 | $1,975 | 4 | 2 | 2300 | 0.3 mi |
843 67th Ave N, Myrtle Beach, SC 29572 | $2,700 | 4 | 2.5 | 1930 | 0.1 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