REI Lense

REI Lense

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$2,554 (target)

1 Laurel Grove Dr, Simpsonville, SC 29681

3 beds • 4 baths • 2451 sqft

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This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $124k initial cash invested.

-15.17%

Cash On Cash

3.04%

Cap Rate

0.51

DSCR

$2,554

Rent

-$1,574

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,554 income − $4,128 expenses = $1,574 out of pocket

Income$2,554Out of Pocket$1,574Mortgage P&I$2,950116%Property Taxes$24610%Insurance$2148%HOA$542%Management$25510%CapEx$1285%Vacancy$1536%Maintenance$1285%

Investment Breakdown

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Purchase Price

$593k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$119k

Closing costs

1%

$5,928

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,554

Total Expenses

$4,128

Mortgage P&I

116%

$2,950

Property Taxes

10%

$246

Home Insurance

8%

$214

HOA

2%

$54

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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