REI Lense

REI Lense

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$2,186 (target)

93 Black River Rd., Myrtle Beach, SC 29588

3 beds • 2 baths • 1612 sqft

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This property looks like a bad Long-Term investment with a projected -9.28% first-year return on $68,250 initial cash invested.

-9.28%

Cash On Cash

4.52%

Cap Rate

0.75

DSCR

$2,186

Rent

-$528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,186 income − $2,714 expenses = $528 out of pocket

Income$2,186Out of Pocket$528Mortgage P&I$1,64475%Property Taxes$924%Insurance$1145%HOA$29614%Management$21910%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,186

Total Expenses

$2,714

Mortgage P&I

75%

$1,644

Property Taxes

4%

$92

Home Insurance

5%

$114

HOA

14%

$296

Property Management

10%

$219

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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