REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,951 (target)

2644 Goldfinch Dr., Myrtle Beach, SC 29577

3 beds • 2 baths • 1804 sqft

Email

This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $109k initial cash invested.

-9.45%

Cash On Cash

4.55%

Cap Rate

0.73

DSCR

$2,951

Rent

-$860

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,951 income − $3,811 expenses = $860 out of pocket

Income$2,951Out of Pocket$860Mortgage P&I$2,68291%Property Taxes$893%Insurance$1826%HOA$903%Management$29510%CapEx$1485%Vacancy$1776%Maintenance$1485%

Investment Breakdown

|

Purchase Price

$520k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$104k

Closing costs

1%

$5,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,951

Total Expenses

$3,811

Mortgage P&I

91%

$2,682

Property Taxes

3%

$89

Home Insurance

6%

$182

HOA

3%

$90

Property Management

10%

$295

CapEx

5%

$148

Vacancy

6%

$177

Maintenance

5%

$148

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis