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4601 Lomax Court
Murrells Inlet, SC 29576
Asking Price
$5.70M
Cap Rate
9.52%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
100% Leased | 7 Buildings | 28 Units <p>The current gross monthly rental income is approximately only $28,472 ($341,664 annually). The taxes are approximately $5,000 per building annually ($34,570 total). The total insurance figure is currently $35,921 annually ($2,993 per month). The HOA bills $396 quarterly for a 2-bedroom and $471 quarterly for a 3-bedroom, which covers cable and trash services. All utilities are metered separately and covered by tenants.</p><p>The current average rent for a 2-bedroom unit is approximately only
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NOI
$80,000
Cap Rate
1.40%
DSCR
0.24
Underwater
Cash-on-Cash
-15.11%
Monthly Payment
$28,190.595
Annual Cash Flow
$-258,287.141