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616 Towhee Ct., Myrtle Beach, SC 29588

3 beds • 2 baths • 1244 sqft

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This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $65,100 initial cash invested.

-12.83%

Cash On Cash

4.07%

Cap Rate

0.64

DSCR

$1,940

Rent

-$696

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,940

Total Expenses

$2,636

Mortgage P&I

85%

$1,650

Property Taxes

17%

$326

Home Insurance

6%

$108

HOA

2%

$48

PManagement

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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