REI Lense

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$2,467 (target)

3716 Kennison Dr., Myrtle Beach, SC 29588

3 beds • 2 baths • 2548 sqft

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This property looks like a bad Long-Term investment with a projected -10.97% first-year return on $85,785 initial cash invested.

-10.97%

Cash On Cash

4.08%

Cap Rate

0.68

DSCR

$2,467

Rent

-$784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,467 income − $3,251 expenses = $784 out of pocket

Income$2,467Out of Pocket$784Mortgage P&I$2,05083%Property Taxes$36415%Insurance$1496%HOA$472%Management$24710%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,785

Downpayment

20%

$81,700

Closing costs

1%

$4,085

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,467

Total Expenses

$3,251

Mortgage P&I

83%

$2,050

Property Taxes

15%

$364

Home Insurance

6%

$149

HOA

2%

$47

Property Management

10%

$247

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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