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1121 Shire Way, Myrtle Beach, SC 29577

3 beds • 2 baths • 2322 sqft

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This property looks like a bad Mid-Term investment with a projected -3.44% first-year return on $129k initial cash invested.

-3.44%

Cash On Cash

5.39%

Cap Rate

0.93

DSCR

$4,558

Rent

-$370

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,294

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,558

Total Expenses

$4,928

Mortgage P&I

56%

$2,566

Property Taxes

12%

$558

Home Insurance

4%

$192

HOA

1%

$63

Property Management

12%

$547

CapEx

4%

$182

Vacancy

3%

$137

Maintenance

4%

$182

Other

11%

$501

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