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$3,606 (target)

6001 S Kings Hwy, Myrtle Beach, SC 29575

4 beds • 3 baths • 1686 sqft

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This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $149k initial cash invested.

-6.97%

Cash On Cash

4.57%

Cap Rate

0.76

DSCR

$3,606

Rent

-$865

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,606 income − $4,471 expenses = $865 out of pocket

Income$3,606Out of Pocket$865Mortgage P&I$2,98983%Property Taxes$481%Insurance$2086%Management$43312%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39711%

Investment Breakdown

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Purchase Price

$595k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$119k

Closing costs

1%

$5,950

Rehab

0%

$0

Furnishing

4%

$24,000

Cashflow

Total Income

$3,606

Total Expenses

$4,471

Mortgage P&I

83%

$2,989

Property Taxes

1%

$48

Home Insurance

6%

$208

HOA

0%

$0

Property Management

12%

$433

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$397

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