Unlock all features! Tap here to upgrade
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 Long-Term investment with a projected -16.02% first-year return on $98,826 initial cash invested.
-16.02%
Cash On Cash
3.65%
Cap Rate
0.54
DSCR
$2,214
Rent
-$1,319
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,214 income − $3,533 expenses = $1,319 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$98,826
Downpayment
20%
$94,120
Closing costs
1%
$4,706
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$3,533
Mortgage P&I
119%
$2,639
Property Taxes
4%
$82
Home Insurance
8%
$171
HOA
3%
$65
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0