REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,934 (target)

1101 Shire Way, Myrtle Beach, SC 29577

3 beds • 2 baths • 2188 sqft

Email

This property looks like a bad Mid-Term investment with a projected -5.47% first-year return on $118k initial cash invested.

-5.47%

Cash On Cash

4.92%

Cap Rate

0.84

DSCR

$3,934

Rent

-$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,934 income − $4,474 expenses = $540 out of pocket

Income$3,934Out of Pocket$540Mortgage P&I$2,34460%Property Taxes$55614%Insurance$1744%HOA$632%Management$47212%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43311%

Investment Breakdown

|

Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,700

Closing costs

1%

$4,785

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,934

Total Expenses

$4,474

Mortgage P&I

60%

$2,344

Property Taxes

14%

$556

Home Insurance

4%

$174

HOA

2%

$63

Property Management

12%

$472

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$433

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis