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This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $50,379 initial cash invested.
-10.55%
Cash On Cash
4.67%
Cap Rate
$1,990
Rent
-$443
Cashflow
$28,560
Annaul
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,990
Total Expenses
$2,433
Mortgage P&I
64%
$1,276
Property Taxes
7%
$143
Home Insurance
4%
$84
HOA
21%
$412
PManagement
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
191 River Reach Dr, Myrtle Beach, SC 29588 | $2,095 | 3 | 2 | 1350 | 1 mi |
6207 Ben Ln, Myrtle Beach, SC 29588 | $1,900 | 3 | 3 | 1800 | 1.5 mi |
6702 Ben Ln, Myrtle Beach, SC 29588 | $1,900 | 3 | 3 | 1800 | 1.5 mi |
207 Sebring Ln, Myrtle Beach, SC 29588 | $1,800 | 3 | 2 | 1200 | 0.9 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