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Project Rental Revenue For Any Address

Long-Term Rental Analysis
1105 Hemingway St., Myrtle Beach, SC 29577
$190,0004 beds • 2 baths • 1470 sqft

This property could be a profitable Long-Term investment with a projected 16% first-year return on $39,900 initial cash invested.

Cash On Cash
16%
Cap Rate
10.43%
Rent
$2,183
Cashflow
$532
Rent Confidence:  High
Annual
$26,196
Median
$2,000
Avg
$2,182
Samples
25
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  $2,183
Total Expenses  $1,651
Mortgage P&I  46% $1,011
Property Taxes  0% $7
Home Insurance  3% $66
PManagement  10% $218
CapEx  5% $109
Vacancy  6% $131
Maintenance  5% $109
Other  0% $0
Google Maps with the subject property comparables is loading...
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1995 Broadway St$35001.5 mi
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211779 Low Country Pl, Unit 57$20003214002.9 mi
22405 11th St S$3100433 mi
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Projections