REI Lense

REI Lense

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$1,907 (target)

872 Brenda Pl., Myrtle Beach, SC 29577

3 beds • 2 baths • 1237 sqft

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This property looks like a bad Long-Term investment with a projected -8.38% first-year return on $71,169 initial cash invested.

-8.38%

Cash On Cash

4.53%

Cap Rate

0.76

DSCR

$1,907

Rent

-$497

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,907 income − $2,404 expenses = $497 out of pocket

Income$1,907Out of Pocket$497Mortgage P&I$1,68288%Property Taxes$1056%Insurance$1226%Management$19110%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,169

Downpayment

20%

$67,780

Closing costs

1%

$3,389

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,907

Total Expenses

$2,404

Mortgage P&I

88%

$1,682

Property Taxes

6%

$105

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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