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$4,485 (target)

937 Shipmaster Ave., Myrtle Beach, SC 29579

3 beds • 3 baths • 2416 sqft

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This property looks like a bad Mid-Term investment with a projected -11.52% first-year return on $174k initial cash invested.

-11.52%

Cash On Cash

4.11%

Cap Rate

0.63

DSCR

$4,485

Rent

-$1,669

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,485 income − $6,154 expenses = $1,669 out of pocket

Income$4,485Out of Pocket$1,669Mortgage P&I$4,03090%Property Taxes$2215%Insurance$2696%HOA$1102%Management$53812%CapEx$1794%Vacancy$1353%Maintenance$1794%Other$49311%

Investment Breakdown

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Purchase Price

$742k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$174k

Downpayment

20%

$148k

Closing costs

1%

$7,421

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,485

Total Expenses

$6,154

Mortgage P&I

90%

$4,030

Property Taxes

5%

$221

Home Insurance

6%

$269

HOA

2%

$110

Property Management

12%

$538

CapEx

4%

$179

Vacancy

3%

$135

Maintenance

4%

$179

Other

11%

$493

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