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$3,414 (target)

311 N 64th Ave. N, Myrtle Beach, SC 29572

3 beds • 4 baths • 2409 sqft

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This property looks like a bad Mid-Term investment with a projected -13.6% first-year return on $184k initial cash invested.

-13.6%

Cash On Cash

2.9%

Cap Rate

0.5

DSCR

$3,414

Rent

-$2,079

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,414 income − $5,493 expenses = $2,079 out of pocket

Income$3,414Out of Pocket$2,079Mortgage P&I$3,849113%Property Taxes$1855%Insurance$2979%Management$41012%CapEx$1374%Vacancy$1023%Maintenance$1374%Other$37611%

Investment Breakdown

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Purchase Price

$788k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$184k

Downpayment

20%

$158k

Closing costs

1%

$7,881

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,414

Total Expenses

$5,493

Mortgage P&I

113%

$3,849

Property Taxes

5%

$185

Home Insurance

9%

$297

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$102

Maintenance

4%

$137

Other

11%

$376

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