REI Lense

REI Lense

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$2,152 (target)

625 Old Castle Loop, Myrtle Beach, SC 29579

3 beds • 2 baths • 1599 sqft

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This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $76,482 initial cash invested.

-14.75%

Cash On Cash

3.37%

Cap Rate

0.55

DSCR

$2,152

Rent

-$940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,152 income − $3,092 expenses = $940 out of pocket

Income$2,152Out of Pocket$940Mortgage P&I$1,85686%Property Taxes$45621%Insurance$1316%HOA$894%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,482

Downpayment

20%

$72,840

Closing costs

1%

$3,642

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,152

Total Expenses

$3,092

Mortgage P&I

86%

$1,856

Property Taxes

21%

$456

Home Insurance

6%

$131

HOA

4%

$89

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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