REI Lense

REI Lense

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$1,979 (target)

404 Ashwood Ln., Myrtle Beach, SC 29588

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -4.55% first-year return on $61,425 initial cash invested.

-4.55%

Cash On Cash

5.44%

Cap Rate

0.91

DSCR

$1,979

Rent

-$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,425

Downpayment

20%

$58,500

Closing costs

1%

$2,925

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,979

Total Expenses

$2,212

Mortgage P&I

74%

$1,459

Property Taxes

4%

$81

Home Insurance

5%

$107

HOA

3%

$50

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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