REI Lense

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$2,376 (target)

392 Indigo Bay Circle, Myrtle Beach, SC 29579

3 beds • 2 baths • 1907 sqft

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This property looks like a bad Long-Term investment with a projected -17.59% first-year return on $132k initial cash invested.

-17.59%

Cash On Cash

2.55%

Cap Rate

0.42

DSCR

$2,376

Rent

-$1,928

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,376 income − $4,304 expenses = $1,928 out of pocket

Income$2,376Out of Pocket$1,928Mortgage P&I$3,142132%Property Taxes$1928%Insurance$2249%HOA$1275%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$626k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$125k

Closing costs

1%

$6,263

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,376

Total Expenses

$4,304

Mortgage P&I

132%

$3,142

Property Taxes

8%

$192

Home Insurance

9%

$224

HOA

5%

$127

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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