This property is featured on my website, courtesy of Beach and Forest Realty in Mytle Beach.
This is a lender approved short sale and can close quickly. Since the location is an easy walk to the beach you shouldn't have any problems keeping long term renters in place. Or keep it for yourself as an affordable place at the beach.
This home has a working fireplace and a pool and very low HOA fees -- only $65.00 per month. Building insurance is obtained individually by each owner. A little paint is all this property needs and it is ready to go.
You can see more information on this property by visiting my website at www.MyrtleBeachDreaming.com
Check out the cash flow numbers:
Not guaranteed by Broker but believed to be accurate.
| Income/Expense Comparison | Brandywine North | |||||
| Purchase Price | $42,000 | |||||
| Percent Down | 0% | |||||
| Interest Rate | 0.00% | |||||
| Down Payment | $0 | |||||
| Mortgage Amount | $0 | |||||
| Monthly Payment | $0 | |||||
| Annual Payment | $0 | |||||
| Est. Total Rents | $8,400 | |||||
| Net annual rent | $8,400 | |||||
| Est. HOA Annual | $65 | $780 | ||||
| Est. Property Taxes | $1,099 | Second home rate | ||||
| Est. Bldg. Insurance | $1,700 | Estimated | ||||
| Est. Telephone | $0 | |||||
| Est. Content Ins. | $0 | |||||
| Annual Mortgage Payment | $0 | |||||
| Total Expenses | $3,579 | |||||
| Est. Pre-Tax Cash Profit/Loss | $4,821 | |||||
| Return: | 11.48% | |||||
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