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$2,313 (target)

106 Hancock Ave, Spartanburg, SC 29302

3 beds • 2 baths • 1538 sqft

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This property might be a fair Mid-Term investment with a projected 2.19% first-year return on $66,279 initial cash invested.

2.19%

Cash On Cash

7.21%

Cap Rate

1.18

DSCR

$2,313

Rent

$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,313 income − $2,192 expenses = $121 cash flow

Income$2,313Mortgage P&I$1,16750%Property Taxes$1587%Insurance$803%Management$27812%CapEx$934%Vacancy$693%Maintenance$934%Other$25411%Cash Flow$121

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,313

Total Expenses

$2,192

Mortgage P&I

50%

$1,167

Property Taxes

7%

$158

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$69

Maintenance

4%

$93

Other

11%

$254

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