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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 -5.6% first-year return on $54,390 initial cash invested.

-5.6%

Cash On Cash

5.64%

Cap Rate

0.88

DSCR

$1,830

Rent

-$254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$1,830

Total Expenses

$2,084

Mortgage P&I

75%

$1,379

Property Taxes

7%

$137

Home Insurance

5%

$91

PManagement

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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