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This property might be a fair Long-Term investment with a projected 1.55% first-year return on $58,695 initial cash invested.
1.55%
Cash On Cash
7.08%
Cap Rate
$2,260
Rent
$76
Cashflow
$28,560
Annaul
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,695
Downpayment
20%
$55,900
Closing costs
1%
$2,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,260
Total Expenses
$2,184
Mortgage P&I
65%
$1,461
Property Taxes
2%
$37
Home Insurance
4%
$98
PManagement
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
1208 Rosehaven Dr, Unit B, Myrtle Beach, SC 29577 | $1,850 | 3 | 2 | 1200 | 0.8 mi |
1406 Tranquility Ln, Myrtle Beach, SC 29577 | $2,200 | 3 | 2 | 1300 | 0.1 mi |
34 Foxcroft Ln, Myrtle Beach, SC 29577 | $2,100 | 3 | 2 | 1200 | 2.1 mi |
2740 S Key Largo Cir, Myrtle Beach, SC 29577 | $1,850 | 3 | 2 | 1300 | 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 |
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