REI Lense

REI Lense

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$2,399 (target)

170 Duck Blind Trail, Myrtle Beach, SC 29588

3 beds • 3 baths • 2163 sqft

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This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $111k initial cash invested.

-16.2%

Cash On Cash

3.46%

Cap Rate

0.53

DSCR

$2,399

Rent

-$1,494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,399 income − $3,893 expenses = $1,494 out of pocket

Income$2,399Out of Pocket$1,494Mortgage P&I$2,894121%Property Taxes$1125%Insurance$1928%HOA$713%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$527k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$105k

Closing costs

1%

$5,270

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,399

Total Expenses

$3,893

Mortgage P&I

121%

$2,894

Property Taxes

5%

$112

Home Insurance

8%

$192

HOA

3%

$71

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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