REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,988 (target)

3136 Robins Nest Way, Myrtle Beach, SC 29579

3 beds • 2 baths • 1592 sqft

Email

This property looks like a bad Mid-Term investment with a projected -0.91% first-year return on $89,337 initial cash invested.

-0.91%

Cash On Cash

6.2%

Cap Rate

1.03

DSCR

$2,988

Rent

-$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,988 income − $3,056 expenses = $68 out of pocket

Income$2,988Out of Pocket$68Mortgage P&I$1,70457%Property Taxes$1054%Insurance$1224%HOA$1074%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,337

Downpayment

20%

$67,940

Closing costs

1%

$3,397

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,988

Total Expenses

$3,056

Mortgage P&I

57%

$1,704

Property Taxes

4%

$105

Home Insurance

4%

$122

HOA

4%

$107

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis