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1105 Hemingway St., Myrtle Beach, SC 29577

4 beds • 2 baths • 1470 sqft

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This property could be a profitable Long-Term investment with a projected 16.12% first-year return on $39,900 initial cash invested.

16.12%

Cash On Cash

10.47%

Cap Rate

1.64

DSCR

$2,190

Rent

$536

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,900

Downpayment

20%

$38,000

Closing costs

1%

$1,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,190

Total Expenses

$1,654

Mortgage P&I

46%

$1,011

Property Taxes

0%

$7

Home Insurance

3%

$66

PManagement

10%

$219

CapEx

5%

$110

Vacancy

6%

$131

Maintenance

5%

$110

Other

0%

$0

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