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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 -1.12% first-year return on $53,550 initial cash invested.

-1.12%

Cash On Cash

6.64%

Cap Rate

1.04

DSCR

$2,060

Rent

-$50

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,060

Total Expenses

$2,110

Mortgage P&I

66%

$1,357

Property Taxes

3%

$66

Home Insurance

4%

$89

HOA

3%

$62

PManagement

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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