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111 E Carolina Ave, Summerville, SC 29483

3 beds • 3 baths • 2906 sqft

$1,276,200

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This property looks like a bad Long-Term investment with a projected -24.17% first-year return on $268k initial cash invested.

-24.17%

Cash On Cash

1.07%

Cap Rate

0.18

DSCR

$2,360

Rent

-$5,399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1276k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$268k

Downpayment

20%

$255k

Closing costs

1%

$12,762

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,360

Total Expenses

$7,759

Mortgage P&I

272%

$6,416

Property Taxes

11%

$257

Home Insurance

20%

$472

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

411 Grand Palm Ln, # 1, Summerville, SC 29485

$2,290

3

3

1838

0.9 mi

116 W 5th South St, Apt B, Summerville, SC 29483

$2,750

3

2.5

1990

0.7 mi

109 Shea St, Summerville, SC 29485

$2,495

3

2.5

2040

1.1 mi

116 W Richland St, Summerville, SC 29483

$2,500

3

3

1605

0.3 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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