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1215 Mill Banks Dr., Longs, SC 29568

3 beds • 2 baths • 1791 sqft

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This property looks like a bad Airbnb investment with a projected -19.26% first-year return on $116k initial cash invested.

-19.26%

Cash On Cash

1.1%

Cap Rate

0.19

DSCR

$1,446

Rent

-$1,856

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,446 income − $3,302 expenses = $1,856 out of pocket

Income$1,446Out of Pocket$1,856Mortgage P&I$2,225154%Property Taxes$14010%Insurance$16311%HOA$795%Management$21715%CapEx$584%Maintenance$584%Other$36225%

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,000

Closing costs

1%

$4,650

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,446

Total Expenses

$3,302

Mortgage P&I

154%

$2,225

Property Taxes

10%

$140

Home Insurance

11%

$163

HOA

5%

$79

Property Management

15%

$217

CapEx

4%

$58

Vacancy

0%

$0

Maintenance

4%

$58

Other

25%

$362

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