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6617 Cinnamon Fern Ln., Myrtle Beach, SC 29588

3 beds • 2 baths • 1428 sqft

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This property might be a fair Mid-Term investment with a projected 6.75% first-year return on $78,879 initial cash invested.

6.75%

Cash On Cash

8.19%

Cap Rate

1.41

DSCR

$3,219

Rent

$444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,219

Total Expenses

$2,775

Mortgage P&I

44%

$1,405

Property Taxes

2%

$75

Home Insurance

3%

$105

HOA

3%

$95

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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