REI Lense

REI Lense

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$1,820 (target)

629 James St., Myrtle Beach, SC 29577

3 beds • 2 baths • 1191 sqft

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This property looks like a bad Long-Term investment with a projected -5.74% first-year return on $54,390 initial cash invested.

-5.74%

Cash On Cash

5.61%

Cap Rate

0.88

DSCR

$1,820

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,820 income − $2,080 expenses = $260 out of pocket

Income$1,820Out of Pocket$260Mortgage P&I$1,37976%Property Taxes$1378%Insurance$915%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,820

Total Expenses

$2,080

Mortgage P&I

76%

$1,379

Property Taxes

8%

$137

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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