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Long-Term Rental Analysis
711 Gleneagles Dr., Myrtle Beach, SC 29588
$229,000 • 2 beds • 2 baths • 1175 sqft

This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $48,090 initial cash invested.

Cash On Cash
-12.6%
Cap Rate
4.14%
Rent
$1,518
Cashflow
-$505
Rent Confidence:  High
Annual
$18,216
Median
$1,500
Avg
$1,517
Samples
25
Financing
Purchase Price  $229k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest
Total  $48,090
Downpayment  $45,800
Closing costs  $2,290
Rehab  $0
Furnishing  $0
Cashflow
Total Income  $1,518
Total Expenses  $2,023
Mortgage P&I  $1,219
Property Taxes  $231
Home Insurance  $80
HOA  $98
PManagement  $152
CapEx  $76
Vacancy  $91
Maintenance  $76
Other  $0
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