REI Lense

REI Lense

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$3,380 (target)

281 Camrose Way, Myrtle Beach, SC 29588

3 beds • 2 baths • 2189 sqft

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This property looks like a bad Long-Term investment with a projected -1.77% first-year return on $94,920 initial cash invested.

-1.77%

Cash On Cash

6.19%

Cap Rate

1.01

DSCR

$3,380

Rent

-$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,380 income − $3,520 expenses = $140 out of pocket

Income$3,380Out of Pocket$140Mortgage P&I$2,30468%Property Taxes$1113%Insurance$1635%HOA$632%Management$33810%CapEx$1695%Vacancy$2036%Maintenance$1695%

Investment Breakdown

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Purchase Price

$452k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,920

Downpayment

20%

$90,400

Closing costs

1%

$4,520

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,380

Total Expenses

$3,520

Mortgage P&I

68%

$2,304

Property Taxes

3%

$111

Home Insurance

5%

$163

HOA

2%

$63

Property Management

10%

$338

CapEx

5%

$169

Vacancy

6%

$203

Maintenance

5%

$169

Other

0%

$0

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