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$5,070 (target)

281 Camrose Way, Myrtle Beach, SC 29588

3 beds • 2 baths • 2189 sqft

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This property might be a fair Mid-Term investment with a projected 7.49% first-year return on $113k initial cash invested.

7.49%

Cash On Cash

8.53%

Cap Rate

1.39

DSCR

$5,070

Rent

$705

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,070 income − $4,365 expenses = $705 cash flow

Income$5,070Mortgage P&I$2,30445%Property Taxes$1112%Insurance$1633%HOA$631%Management$60812%CapEx$2034%Vacancy$1523%Maintenance$2034%Other$55811%Cash Flow$705

Investment Breakdown

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Purchase Price

$452k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,400

Closing costs

1%

$4,520

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,070

Total Expenses

$4,365

Mortgage P&I

45%

$2,304

Property Taxes

2%

$111

Home Insurance

3%

$163

HOA

1%

$63

Property Management

12%

$608

CapEx

4%

$203

Vacancy

3%

$152

Maintenance

4%

$203

Other

11%

$558

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