REI Lense

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$2,276 (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 Long-Term investment with a projected -19.2% first-year return on $166k initial cash invested.

-19.2%

Cash On Cash

2%

Cap Rate

0.34

DSCR

$2,276

Rent

-$2,648

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,276 income − $4,924 expenses = $2,648 out of pocket

Income$2,276Out of Pocket$2,648Mortgage P&I$3,849169%Property Taxes$1858%Insurance$29713%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$788k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$166k

Downpayment

20%

$158k

Closing costs

1%

$7,881

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,276

Total Expenses

$4,924

Mortgage P&I

169%

$3,849

Property Taxes

8%

$185

Home Insurance

13%

$297

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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