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Long-Term Rental Analysis
503 Lake Park Dr., Myrtle Beach, SC 29588
$255,0003 beds • 3 baths • 1699 sqft

This property looks like a bad Long-Term investment with a projected -1.34% first-year return on $53,550 initial cash invested.

Cash On Cash
-1.34%
Cap Rate
6.58%
Rent
$2,045
Signal: Med.
Cashflow
-$60
Financing

Purchase Price  $255k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $53,550
Downpayment  $51,000
Closing costs  $2,550
Rehab  $0
Furnishing  $0
Cashflow

Total Income  $2,045
Total Expenses  $2,105
Mortgage P&I  $1,357
Property Taxes  $66
Home Insurance  $89
HOA  $62
PManagement  $204
CapEx  $102
Vacancy  $123
Maintenance  $102
Other  $0
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