REI Lense

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$3,184 (target)

6638 E Sweetbriar Trail, Myrtle Beach, SC 29588

3 beds • 2 baths • 1830 sqft

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This property might be a fair Mid-Term investment with a projected 6.59% first-year return on $78,249 initial cash invested.

6.59%

Cash On Cash

8.29%

Cap Rate

1.39

DSCR

$3,184

Rent

$430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,184 income − $2,754 expenses = $430 cash flow

Income$3,184Mortgage P&I$1,42445%Property Taxes$471%Insurance$1063%HOA$953%Management$38212%CapEx$1274%Vacancy$963%Maintenance$1274%Other$35011%Cash Flow$430

Investment Breakdown

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Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,249

Downpayment

20%

$57,380

Closing costs

1%

$2,869

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,184

Total Expenses

$2,754

Mortgage P&I

45%

$1,424

Property Taxes

1%

$47

Home Insurance

3%

$106

HOA

3%

$95

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$96

Maintenance

4%

$127

Other

11%

$350

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