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281 Camrose Way, Myrtle Beach, SC 29588

3 beds • 2 baths • 2189 sqft

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This property looks like a bad Airbnb investment with a projected -13.1% first-year return on $113k initial cash invested.

-13.1%

Cash On Cash

3.13%

Cap Rate

0.51

DSCR

$2,706

Rent

-$1,233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,706 income − $3,939 expenses = $1,233 out of pocket

Income$2,706Out of Pocket$1,233Mortgage P&I$2,30485%Property Taxes$1114%Insurance$1636%HOA$632%Management$40615%CapEx$1084%Maintenance$1084%Other$67625%

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

$2,706

Total Expenses

$3,939

Mortgage P&I

85%

$2,304

Property Taxes

4%

$111

Home Insurance

6%

$163

HOA

2%

$63

Property Management

15%

$406

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$676

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