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2611 Ringneck Trail, Myrtle Beach, SC 29588

3 beds • 2 baths • 1457 sqft

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This property might be a fair Long-Term investment with a projected 4.09% first-year return on $47,250 initial cash invested.

4.09%

Cash On Cash

7.74%

Cap Rate

1.22

DSCR

$2,080

Rent

$161

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,080

Total Expenses

$1,919

Mortgage P&I

57%

$1,186

Property Taxes

3%

$59

Home Insurance

4%

$79

HOA

3%

$54

PManagement

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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