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Long-Term Rental Analysis
3613 Farmington Pl., Myrtle Beach, SC 29579
$227,5003 beds • 2 baths • 1462 sqft

This property looks like a bad Long-Term investment with a projected -3.27% first-year return on $47,775 initial cash invested.

Cash On Cash
-3.27%
Cap Rate
6.19%
Rent
$1,840
Cashflow
-$130
Financing

Purchase Price  $228k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $47,775
Downpayment  20% $45,500
Closing costs  1% $2,275
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $1,840
Total Expenses  $1,970
Mortgage P&I  66% $1,211
Property Taxes  10% $188
Home Insurance  4% $80
HOA  1% $13
PManagement  10% $184
CapEx  5% $92
Vacancy  6% $110
Maintenance  5% $92
Other  0% $0
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Projections