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238 Burchwood Dr., Myrtle Beach, SC 29588

3 beds • 2 baths • 1550 sqft

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This property looks like a bad Airbnb investment with a projected -2.91% first-year return on $91,017 initial cash invested.

-2.91%

Cash On Cash

5.37%

Cap Rate

0.95

DSCR

$3,294

Rent

-$221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$348k

Downpayment

20.0%

Interest Rate

5.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,017

Downpayment

20%

$69,540

Closing costs

1%

$3,477

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,294

Total Expenses

$3,515

Mortgage P&I

50%

$1,645

Property Taxes

2%

$58

Home Insurance

4%

$126

HOA

3%

$104

Property Management

15%

$494

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$824

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