REI Lense

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$2,265 (target)

544 Wildflower Trail, Myrtle Beach, SC 29579

3 beds • 2 baths • 1827 sqft

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This property looks like a bad Long-Term investment with a projected -8.39% first-year return on $73,479 initial cash invested.

-8.39%

Cash On Cash

5.22%

Cap Rate

0.79

DSCR

$2,265

Rent

-$514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,265 income − $2,779 expenses = $514 out of pocket

Income$2,265Out of Pocket$514Mortgage P&I$1,92385%Property Taxes$793%Insurance$1225%HOA$673%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,265

Total Expenses

$2,779

Mortgage P&I

85%

$1,923

Property Taxes

3%

$79

Home Insurance

5%

$122

HOA

3%

$67

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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