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$2,279 (target)

4043 Grousewood Dr., Myrtle Beach, SC 29588

3 beds • 2 baths • 1741 sqft

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This property looks like a bad Long-Term investment with a projected -5.51% first-year return on $74,949 initial cash invested.

-5.51%

Cash On Cash

5.08%

Cap Rate

0.87

DSCR

$2,279

Rent

-$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,949

Downpayment

20%

$71,380

Closing costs

1%

$3,569

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,279

Total Expenses

$2,623

Mortgage P&I

76%

$1,742

Property Taxes

3%

$59

Home Insurance

6%

$129

HOA

4%

$100

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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