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2954 Midiron Ct. #Palmetto Greens, Myrtle Beach, SC 29577
3 beds • 2 baths • 1740 sqft
$470,600
View on ZillowThis property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $117k initial cash invested.
-7.87%
Cash On Cash
5.12%
Cap Rate
0.76
DSCR
$3,321
Rent
-$766
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,321 income − $4,087 expenses = $766 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,120
Closing costs
1%
$4,706
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,321
Total Expenses
$4,087
Mortgage P&I
79%
$2,639
Property Taxes
2%
$82
Home Insurance
5%
$171
HOA
2%
$65
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365