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$2,940 (target)

760 Springs Ave, Pawleys Island, SC 29585

3 beds • 3 baths • 960 sqft

$1,900,000

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This property looks like a bad Mid-Term investment with a projected -26.58% first-year return on $417k initial cash invested.

-26.58%

Cash On Cash

0.27%

Cap Rate

0.04

DSCR

$2,940

Rent

-$9,237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,940 income − $12,177 expenses = $9,237 out of pocket

Income$2,940Out of Pocket$9,237Mortgage P&I$9,546325%Property Taxes$96633%Insurance$66523%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32311%

Investment Breakdown

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Purchase Price

$1900k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$417k

Downpayment

20%

$380k

Closing costs

1%

$19,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,940

Total Expenses

$12,177

Mortgage P&I

325%

$9,546

Property Taxes

33%

$966

Home Insurance

23%

$665

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$323

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