REI Lense

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$2,956 (target)

415 Lake Park Dr., Myrtle Beach, SC 29588

3 beds • 2 baths • 1464 sqft

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This property might be a fair Mid-Term investment with a projected 3.76% first-year return on $80,160 initial cash invested.

3.76%

Cash On Cash

7.47%

Cap Rate

1.25

DSCR

$2,956

Rent

$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,956 income − $2,705 expenses = $251 cash flow

Income$2,956Mortgage P&I$1,47450%Property Taxes$552%Insurance$1084%HOA$632%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%Cash Flow$251

Investment Breakdown

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Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,160

Downpayment

20%

$59,200

Closing costs

1%

$2,960

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,956

Total Expenses

$2,705

Mortgage P&I

50%

$1,474

Property Taxes

2%

$55

Home Insurance

4%

$108

HOA

2%

$63

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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