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This property looks like a bad Long-Term investment with a projected -4.22% first-year return on $61,950 initial cash invested.
-4.22%
Cash On Cash
5.31%
Cap Rate
0.92
DSCR
$1,980
Rent
-$218
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
Financing
Purchase Price
$295k
Downpayment
20.0%
Interest Rate
6.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$61,950
Downpayment
20%
$59,000
Closing costs
1%
$2,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,980
Total Expenses
$2,198
Mortgage P&I
72%
$1,425
Property Taxes
3%
$52
Home Insurance
5%
$103
HOA
5%
$103
PManagement
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0
Google Maps with comparables properties is loading...
Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
1005 Sennema Cir, Horry County, SC 29588 | $2,250 | 3 | 2 | 1618 | 0.8 mi |
6412 Spice Bush Cres, Myrtle Beach, SC 29588 | $1,750 | 3 | 2 | 1600 | 1.2 mi |
6512 Royal Pine Dr, Myrtle Beach, SC 29588 | $1,600 | 3 | 2 | 1700 | 1 mi |
1117 Rookery Dr, Myrtle Beach, SC 29588 | $2,100 | 3 | 2 | 1672 | 1.6 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