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2009 Lone Cypress Dr, Myrtle Beach, SC 29579

3 beds • 2 baths • 1772 sqft

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This property looks like a bad Airbnb investment with a projected -6.4% first-year return on $99,039 initial cash invested.

-6.4%

Cash On Cash

4.67%

Cap Rate

0.79

DSCR

$3,308

Rent

-$528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,308 income − $3,836 expenses = $528 out of pocket

Income$3,308Out of Pocket$528Mortgage P&I$1,89857%Property Taxes$1164%Insurance$1354%HOA$1003%Management$49615%CapEx$1324%Maintenance$1324%Other$82725%

Investment Breakdown

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Purchase Price

$386k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,039

Downpayment

20%

$77,180

Closing costs

1%

$3,859

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,308

Total Expenses

$3,836

Mortgage P&I

57%

$1,898

Property Taxes

4%

$116

Home Insurance

4%

$135

HOA

3%

$100

Property Management

15%

$496

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$827

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