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$3,075 (target)

549 Pennington Loop, Myrtle Beach, SC 29588

3 beds • 2 baths • 1549 sqft

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This property might be a fair Mid-Term investment with a projected 2.24% first-year return on $84,738 initial cash invested.

2.24%

Cash On Cash

7.13%

Cap Rate

1.17

DSCR

$3,075

Rent

$158

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,075 income − $2,917 expenses = $158 cash flow

Income$3,075Mortgage P&I$1,60752%Property Taxes$1013%Insurance$1124%HOA$522%Management$36912%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33811%Cash Flow$158

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,738

Downpayment

20%

$63,560

Closing costs

1%

$3,178

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,075

Total Expenses

$2,917

Mortgage P&I

52%

$1,607

Property Taxes

3%

$101

Home Insurance

4%

$112

HOA

2%

$52

Property Management

12%

$369

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$338

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