REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,228 (target)

625 Old Castle Loop, Myrtle Beach, SC 29579

3 beds • 2 baths • 1599 sqft

Email

This property looks like a bad Mid-Term investment with a projected -5.09% first-year return on $94,482 initial cash invested.

-5.09%

Cash On Cash

5.22%

Cap Rate

0.85

DSCR

$3,228

Rent

-$401

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,228 income − $3,629 expenses = $401 out of pocket

Income$3,228Out of Pocket$401Mortgage P&I$1,85657%Property Taxes$45614%Insurance$1314%HOA$893%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,482

Downpayment

20%

$72,840

Closing costs

1%

$3,642

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,228

Total Expenses

$3,629

Mortgage P&I

57%

$1,856

Property Taxes

14%

$456

Home Insurance

4%

$131

HOA

3%

$89

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis