REI Lense

REI Lense

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$2,852 (target)

823 Brookline Dr., Myrtle Beach, SC 29579

3 beds • 2 baths • 1602 sqft

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This property might be a fair Mid-Term investment with a projected 1.28% first-year return on $83,268 initial cash invested.

1.28%

Cash On Cash

6.64%

Cap Rate

1.13

DSCR

$2,852

Rent

$89

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,268

Downpayment

20%

$62,160

Closing costs

1%

$3,108

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,852

Total Expenses

$2,763

Mortgage P&I

53%

$1,517

Property Taxes

3%

$77

Home Insurance

4%

$112

HOA

3%

$87

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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