REI Lense

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$2,371 (target)

396 Firenze Loop, Myrtle Beach, SC 29579

3 beds • 2 baths • 1739 sqft

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This property looks like a bad Long-Term investment with a projected -11.47% first-year return on $84,420 initial cash invested.

-11.47%

Cash On Cash

4.21%

Cap Rate

0.67

DSCR

$2,371

Rent

-$807

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,371 income − $3,178 expenses = $807 out of pocket

Income$2,371Out of Pocket$807Mortgage P&I$2,10089%Property Taxes$974%Insurance$1476%HOA$2179%Management$23710%CapEx$1195%Vacancy$1426%Maintenance$1195%

Investment Breakdown

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Purchase Price

$402k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,420

Downpayment

20%

$80,400

Closing costs

1%

$4,020

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,371

Total Expenses

$3,178

Mortgage P&I

89%

$2,100

Property Taxes

4%

$97

Home Insurance

6%

$147

HOA

9%

$217

Property Management

10%

$237

CapEx

5%

$119

Vacancy

6%

$142

Maintenance

5%

$119

Other

0%

$0

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