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3500 Shipyard Rd., Myrtle Beach, SC 29577

2 beds • 2 baths • 1300 sqft

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This property looks like a bad Long-Term investment with a projected -4.33% first-year return on $49,875 initial cash invested.

-4.33%

Cash On Cash

5.86%

Cap Rate

$1,810

Rent

-$180

Cashflow

-8.72

Cach on Cash

4.92%

Cap Rate

$3.477

Rent

-%822

Cashflow

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,875

Downpayment

20%

$47,500

Closing costs

1%

$2,375

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,810

Total Expenses

$1,990

Mortgage P&I

69%

$1,249

Property Taxes

10%

$188

Home Insurance

5%

$83

PManagement

10%

$181

CapEx

5%

$90

Vacancy

6%

$109

Maintenance

5%

$90

Other

0%

$0

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Comparable Property

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Beds

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2

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$2,850

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