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Long-Term Rental Analysis
711 Gleneagles Dr., Myrtle Beach, SC 29588
$229,0002 beds • 2 baths • 1175 sqft

This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $48,090 initial cash invested.

Cash On Cash
-12.93%
Cap Rate
4.07%
Rent
$1,500
Cashflow
-$518
Financing

Purchase Price  $229k
Downpayment  20.0%
Interest Rate  7.0%
Mortgage Duration  30yr.
Cash To Invest

Total  $48,090
Downpayment  20% $45,800
Closing costs  1% $2,290
Rehab  0% $0
Furnishing  0% $0
Cashflow

Total Income  $1,500
Total Expenses  $2,018
Mortgage P&I  81% $1,219
Property Taxes  15% $231
Home Insurance  5% $80
HOA  7% $98
PManagement  10% $150
CapEx  5% $75
Vacancy  6% $90
Maintenance  5% $75
Other  0% $0
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