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405 Lumber River Rd., Myrtle Beach, SC 29588

3 beds • 3 baths • 2201 sqft

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This property looks like a bad Mid-Term investment with a projected -6.75% first-year return on $127k initial cash invested.

-6.75%

Cash On Cash

4.42%

Cap Rate

0.77

DSCR

$3,256

Rent

-$712

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$517k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$103k

Closing costs

1%

$5,170

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,256

Total Expenses

$3,968

Mortgage P&I

76%

$2,485

Property Taxes

5%

$162

Home Insurance

6%

$189

HOA

1%

$25

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$358

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