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$3,240 (target)

1237 Ambling Way Dr., Myrtle Beach, SC 29579

3 beds • 2 baths • 1642 sqft

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This property might be a fair Mid-Term investment with a projected 3.12% first-year return on $83,016 initial cash invested.

3.12%

Cash On Cash

7.9%

Cap Rate

1.2

DSCR

$3,240

Rent

$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,240 income − $3,024 expenses = $216 cash flow

Income$3,240Mortgage P&I$1,69152%Property Taxes$612%Insurance$1174%HOA$532%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35611%Cash Flow$216

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,016

Downpayment

20%

$61,920

Closing costs

1%

$3,096

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,240

Total Expenses

$3,024

Mortgage P&I

52%

$1,691

Property Taxes

2%

$61

Home Insurance

4%

$117

HOA

2%

$53

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$356

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