REI Lense

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$3,672 (target)

617 Evers Loop, Myrtle Beach, SC 29575

3 beds • 2 baths • 2020 sqft

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This property looks like a bad Mid-Term investment with a projected -7.56% first-year return on $137k initial cash invested.

-7.56%

Cash On Cash

4.5%

Cap Rate

0.75

DSCR

$3,672

Rent

-$864

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,672 income − $4,536 expenses = $864 out of pocket

Income$3,672Out of Pocket$864Mortgage P&I$2,84778%Property Taxes$1243%Insurance$2066%HOA$1103%Management$44112%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40411%

Investment Breakdown

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Purchase Price

$568k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$114k

Closing costs

1%

$5,676

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,672

Total Expenses

$4,536

Mortgage P&I

78%

$2,847

Property Taxes

3%

$124

Home Insurance

6%

$206

HOA

3%

$110

Property Management

12%

$441

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$404

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