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$5,631 (target)

54 Bayberry Ln., Myrtle Beach, SC 29572

3 beds • 3 baths • 2669 sqft

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This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $179k initial cash invested.

-3.06%

Cash On Cash

5.46%

Cap Rate

0.94

DSCR

$5,631

Rent

-$456

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,631 income − $6,087 expenses = $456 out of pocket

Income$5,631Out of Pocket$456Mortgage P&I$3,72166%Property Taxes$1673%Insurance$2855%Management$67612%CapEx$2254%Vacancy$1693%Maintenance$2254%Other$61911%

Investment Breakdown

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Purchase Price

$767k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$179k

Downpayment

20%

$153k

Closing costs

1%

$7,670

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,631

Total Expenses

$6,087

Mortgage P&I

66%

$3,721

Property Taxes

3%

$167

Home Insurance

5%

$285

HOA

0%

$0

Property Management

12%

$676

CapEx

4%

$225

Vacancy

3%

$169

Maintenance

4%

$225

Other

11%

$619

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