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503 Lake Park Dr., Myrtle Beach, SC 29588

3 beds • 3 baths • 1699 sqft

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This property looks like a bad Long-Term investment with a projected -1.77% first-year return on $53,550 initial cash invested.

-1.77%

Cash On Cash

6.49%

Cap Rate

1.02

DSCR

$2,020

Rent

-$79

Cashflow

$28,560

Annaul

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

Financing

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,020

Total Expenses

$2,099

Mortgage P&I

67%

$1,357

Property Taxes

3%

$66

Home Insurance

4%

$89

HOA

3%

$62

PManagement

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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