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$3,700 (target)

3716 Kennison Dr., Myrtle Beach, SC 29588

3 beds • 2 baths • 2548 sqft

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This property looks like a bad Mid-Term investment with a projected -1.94% first-year return on $104k initial cash invested.

-1.94%

Cash On Cash

5.96%

Cap Rate

0.99

DSCR

$3,700

Rent

-$168

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,700 income − $3,868 expenses = $168 out of pocket

Income$3,700Out of Pocket$168Mortgage P&I$2,05055%Property Taxes$36410%Insurance$1494%HOA$471%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,700

Closing costs

1%

$4,085

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,700

Total Expenses

$3,868

Mortgage P&I

55%

$2,050

Property Taxes

10%

$364

Home Insurance

4%

$149

HOA

1%

$47

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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