REI Lense

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$2,709 (target)

409 Pompano Dr., Myrtle Beach, SC 29577

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $125k initial cash invested.

-13.1%

Cash On Cash

3.38%

Cap Rate

0.58

DSCR

$2,709

Rent

-$1,369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,709 income − $4,078 expenses = $1,369 out of pocket

Income$2,709Out of Pocket$1,369Mortgage P&I$2,916108%Property Taxes$1666%Insurance$2178%HOA$753%Management$27110%CapEx$1355%Vacancy$1636%Maintenance$1355%

Investment Breakdown

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Purchase Price

$597k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$119k

Closing costs

1%

$5,971

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,709

Total Expenses

$4,078

Mortgage P&I

108%

$2,916

Property Taxes

6%

$166

Home Insurance

8%

$217

HOA

3%

$75

Property Management

10%

$271

CapEx

5%

$135

Vacancy

6%

$163

Maintenance

5%

$135

Other

0%

$0

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