REI Lense

REI Lense

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$2,272 (target)

5015 Selene Ct., Myrtle Beach, SC 29588

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Long-Term investment with a projected -8.08% first-year return on $77,490 initial cash invested.

-8.08%

Cash On Cash

4.78%

Cap Rate

0.78

DSCR

$2,272

Rent

-$522

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,272 income − $2,794 expenses = $522 out of pocket

Income$2,272Out of Pocket$522Mortgage P&I$1,87783%Property Taxes$1115%Insurance$1296%HOA$864%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,272

Total Expenses

$2,794

Mortgage P&I

83%

$1,877

Property Taxes

5%

$111

Home Insurance

6%

$129

HOA

4%

$86

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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