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$3,778 (target)

2618 Ringneck Trail, Myrtle Beach, SC 29588

3 beds • 2 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 4.15% first-year return on $98,304 initial cash invested.

4.15%

Cash On Cash

7.45%

Cap Rate

1.26

DSCR

$3,778

Rent

$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,778 income − $3,438 expenses = $340 cash flow

Income$3,778Mortgage P&I$1,88450%Property Taxes$722%Insurance$1404%HOA$582%Management$45312%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41611%Cash Flow$340

Investment Breakdown

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Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,304

Downpayment

20%

$76,480

Closing costs

1%

$3,824

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,778

Total Expenses

$3,438

Mortgage P&I

50%

$1,884

Property Taxes

2%

$72

Home Insurance

4%

$140

HOA

2%

$58

Property Management

12%

$453

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$416

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