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730 Melrose Dr, Charleston, SC 29414

3 beds • 3 baths • 1728 sqft

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This property looks like a bad Long-Term investment with a projected -14.69% first-year return on $128k initial cash invested.

-14.69%

Cash On Cash

3.18%

Cap Rate

0.53

DSCR

$2,520

Rent

-$1,567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$609k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$122k

Closing costs

1%

$6,094

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,520

Total Expenses

$4,087

Mortgage P&I

121%

$3,054

Property Taxes

6%

$158

Home Insurance

9%

$220

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

730 Catawba Rd, Charleston, SC 29414

$2,699

3

2.5

1763

0.1 mi

2318 N England Ct, Charleston, SC 29414

$2,600

3

2.5

1798

0.2 mi

2521 Rutherford Way, Charleston, SC 29414

$2,950

3

2.5

1925

0.9 mi

1395 Emerald Forest Pkwy, Charleston, SC 29414

$2,650

3

2.5

1572

1.4 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

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