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473 Noah Ave., Myrtle Beach, SC 29579

3 beds • 3 baths • 2430 sqft

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This property looks like a bad Long-Term investment with a projected -14.56% first-year return on $117k initial cash invested.

-14.56%

Cash On Cash

3%

Cap Rate

0.52

DSCR

$2,390

Rent

-$1,423

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$559k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$112k

Closing costs

1%

$5,585

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,390

Total Expenses

$3,813

Mortgage P&I

113%

$2,701

Property Taxes

7%

$172

Home Insurance

8%

$201

HOA

5%

$117

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$143

Maintenance

5%

$120

Other

0%

$0

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