REI Lense

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$2,860 (target)

872 Brenda Pl., Myrtle Beach, SC 29577

3 beds • 2 baths • 1237 sqft

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This property looks like a bad Mid-Term investment with a projected -0.28% first-year return on $89,169 initial cash invested.

-0.28%

Cash On Cash

6.29%

Cap Rate

1.06

DSCR

$2,860

Rent

-$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,860 income − $2,881 expenses = $21 out of pocket

Income$2,860Out of Pocket$21Mortgage P&I$1,68259%Property Taxes$1054%Insurance$1224%Management$34312%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31511%

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,169

Downpayment

20%

$67,780

Closing costs

1%

$3,389

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,860

Total Expenses

$2,881

Mortgage P&I

59%

$1,682

Property Taxes

4%

$105

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$315

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