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3716 Atwood Place, Myrtle Beach, SC 29588

3 beds • 2 baths • 1750 sqft

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This property looks like a bad Airbnb investment with a projected -18.36% first-year return on $125k initial cash invested.

-18.36%

Cash On Cash

1.7%

Cap Rate

0.28

DSCR

$1,950

Rent

-$1,917

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,950 income − $3,867 expenses = $1,917 out of pocket

Income$1,950Out of Pocket$1,917Mortgage P&I$2,564131%Property Taxes$1588%Insurance$1849%HOA$251%Management$29215%CapEx$784%Maintenance$784%Other$48825%

Investment Breakdown

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Purchase Price

$511k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$102k

Closing costs

1%

$5,110

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,950

Total Expenses

$3,867

Mortgage P&I

131%

$2,564

Property Taxes

8%

$158

Home Insurance

9%

$184

HOA

1%

$25

Property Management

15%

$292

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$488

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