REI Lense

REI Lense

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$2,519 (target)

2618 Ringneck Trail, Myrtle Beach, SC 29588

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -4.33% first-year return on $80,304 initial cash invested.

-4.33%

Cash On Cash

5.4%

Cap Rate

0.91

DSCR

$2,519

Rent

-$290

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,519 income − $2,809 expenses = $290 out of pocket

Income$2,519Out of Pocket$290Mortgage P&I$1,88475%Property Taxes$723%Insurance$1406%HOA$582%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,304

Downpayment

20%

$76,480

Closing costs

1%

$3,824

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,519

Total Expenses

$2,809

Mortgage P&I

75%

$1,884

Property Taxes

3%

$72

Home Insurance

6%

$140

HOA

2%

$58

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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