REI Lense

REI Lense

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$2,448 (target)

617 Evers Loop, Myrtle Beach, SC 29575

3 beds • 2 baths • 2020 sqft

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This property looks like a bad Long-Term investment with a projected -14.85% first-year return on $119k initial cash invested.

-14.85%

Cash On Cash

3.16%

Cap Rate

0.52

DSCR

$2,448

Rent

-$1,475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,448 income − $3,923 expenses = $1,475 out of pocket

Income$2,448Out of Pocket$1,475Mortgage P&I$2,847116%Property Taxes$1245%Insurance$2068%HOA$1104%Management$24510%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

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Purchase Price

$568k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$114k

Closing costs

1%

$5,676

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,448

Total Expenses

$3,923

Mortgage P&I

116%

$2,847

Property Taxes

5%

$124

Home Insurance

8%

$206

HOA

4%

$110

Property Management

10%

$245

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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