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Long-Term Rental Analysis
616 Towhee Ct., Myrtle Beach, SC 29588
$310,0003 beds • 2 baths • 1244 sqft

This property looks like a bad Long-Term investment with a projected -13.47% first-year return on $65,100 initial cash invested.

Cash On Cash
-13.47%
Cap Rate
3.93%
Rent
$1,895
Cashflow
-$731
Rent Confidence:  High
Annual
$22,740
Median
$1,895
Avg
$1,897
Samples
25
Financing

Purchase Price  $310k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $65,100
Downpayment  $62,000
Closing costs  $3,100
Rehab  $0
Furnishing  $0
Cashflow

Total Income  $1,895
Total Expenses  $2,626
Mortgage P&I  $1,650
Property Taxes  $326
Home Insurance  $108
HOA  $48
PManagement  $190
CapEx  $95
Vacancy  $114
Maintenance  $95
Other  $0
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