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$4,064 (target)

409 Pompano Dr., Myrtle Beach, SC 29577

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Mid-Term investment with a projected -5.8% first-year return on $143k initial cash invested.

-5.8%

Cash On Cash

4.8%

Cap Rate

0.82

DSCR

$4,064

Rent

-$693

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,064 income − $4,757 expenses = $693 out of pocket

Income$4,064Out of Pocket$693Mortgage P&I$2,91672%Property Taxes$1664%Insurance$2175%HOA$752%Management$48812%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44711%

Investment Breakdown

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Purchase Price

$597k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,971

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,064

Total Expenses

$4,757

Mortgage P&I

72%

$2,916

Property Taxes

4%

$166

Home Insurance

5%

$217

HOA

2%

$75

Property Management

12%

$488

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$447

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