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$1,542 (target)

106 Hancock Ave, Spartanburg, SC 29302

3 beds • 2 baths • 1538 sqft

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This property looks like a bad Long-Term investment with a projected -6.56% first-year return on $48,279 initial cash invested.

-6.56%

Cash On Cash

5.12%

Cap Rate

0.84

DSCR

$1,542

Rent

-$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,542 income − $1,806 expenses = $264 out of pocket

Income$1,542Out of Pocket$264Mortgage P&I$1,16776%Property Taxes$15810%Insurance$805%Management$15410%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,542

Total Expenses

$1,806

Mortgage P&I

76%

$1,167

Property Taxes

10%

$158

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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