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$3,230 (target)

3317 Picket Fence Ln., Myrtle Beach, SC 29579

3 beds • 2 baths • 1670 sqft

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This property looks like a bad Mid-Term investment with a projected -0.29% first-year return on $88,098 initial cash invested.

-0.29%

Cash On Cash

7.06%

Cap Rate

1.06

DSCR

$3,230

Rent

-$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,230 income − $3,251 expenses = $21 out of pocket

Income$3,230Out of Pocket$21Mortgage P&I$1,85757%Property Taxes$682%Insurance$1214%HOA$1073%Management$38812%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

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Purchase Price

$334k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,098

Downpayment

20%

$66,760

Closing costs

1%

$3,338

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,230

Total Expenses

$3,251

Mortgage P&I

57%

$1,857

Property Taxes

2%

$68

Home Insurance

4%

$121

HOA

3%

$107

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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