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721 McKinley Way, Myrtle Beach, SC 29577

3 beds • 3 baths • 1890 sqft

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This property looks like a bad Airbnb investment with a projected -9.82% first-year return on $133k initial cash invested.

-9.82%

Cash On Cash

4.06%

Cap Rate

0.67

DSCR

$4,108

Rent

-$1,087

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,108 income − $5,195 expenses = $1,087 out of pocket

Income$4,108Out of Pocket$1,087Mortgage P&I$2,77468%Property Taxes$1163%Insurance$1995%HOA$1353%Management$61615%CapEx$1644%Maintenance$1644%Other$1,02725%

Investment Breakdown

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Purchase Price

$547k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$109k

Closing costs

1%

$5,469

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,108

Total Expenses

$5,195

Mortgage P&I

68%

$2,774

Property Taxes

3%

$116

Home Insurance

5%

$199

HOA

3%

$135

Property Management

15%

$616

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,027

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