REI Lense

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$2,191 (target)

160 Empyrean Circle, Myrtle Beach, SC 29588

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $86,079 initial cash invested.

-10.55%

Cash On Cash

4.05%

Cap Rate

0.68

DSCR

$2,191

Rent

-$757

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,191 income − $2,948 expenses = $757 out of pocket

Income$2,191Out of Pocket$757Mortgage P&I$2,03093%Property Taxes$1236%Insurance$1447%HOA$814%Management$21910%CapEx$1105%Vacancy$1316%Maintenance$1105%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,079

Downpayment

20%

$81,980

Closing costs

1%

$4,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,191

Total Expenses

$2,948

Mortgage P&I

93%

$2,030

Property Taxes

6%

$123

Home Insurance

7%

$144

HOA

4%

$81

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$131

Maintenance

5%

$110

Other

0%

$0

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