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$2,646 (target)

2931 Temperance Dr., Myrtle Beach, SC 29577

3 beds • 2 baths • 1204 sqft

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This property might be a fair Mid-Term investment with a projected 3.06% first-year return on $68,274 initial cash invested.

3.06%

Cash On Cash

7.87%

Cap Rate

1.22

DSCR

$2,646

Rent

$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,646 income − $2,472 expenses = $174 cash flow

Income$2,646Mortgage P&I$1,29049%Property Taxes$1646%Insurance$883%HOA$301%Management$31812%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%Cash Flow$174

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,274

Downpayment

20%

$47,880

Closing costs

1%

$2,394

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,646

Total Expenses

$2,472

Mortgage P&I

49%

$1,290

Property Taxes

6%

$164

Home Insurance

3%

$88

HOA

1%

$30

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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