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Long-Term Rental Analysis
158 Belle Grove Dr., Myrtle Beach, SC 29579
$299,900 • 3 beds • 2 baths • 1368 sqft

This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $62,979 initial cash invested.

Cash On Cash
-8.97%
Cap Rate
4.91%
Rent
$2,013
Cashflow
-$471
Rent Confidence:  High
Annual
$24,156
Median
$2,000
Avg
$2,013
Samples
25
Financing
Purchase Price  $300k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $62,979
Downpayment  $59,980
Closing costs  $2,999
Rehab  $0
Furnishing  $0
Cashflow
Total Income  $2,013
Total Expenses  $2,484
Mortgage P&I  $1,596
Property Taxes  $182
Home Insurance  $105
HOA  $77
PManagement  $201
CapEx  $101
Vacancy  $121
Maintenance  $101
Other  $0
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