REI Lense

REI Lense

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$1,296 (target)

117 Rocking Chair Ln, Spartanburg, SC 29307

3 beds • 2 baths • 1030 sqft

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This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $47,334 initial cash invested.

-10.5%

Cash On Cash

4.41%

Cap Rate

0.7

DSCR

$1,296

Rent

-$414

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,296 income − $1,710 expenses = $414 out of pocket

Income$1,296Out of Pocket$414Mortgage P&I$1,17791%Property Taxes$1159%Insurance$806%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,334

Downpayment

20%

$45,080

Closing costs

1%

$2,254

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,296

Total Expenses

$1,710

Mortgage P&I

91%

$1,177

Property Taxes

9%

$115

Home Insurance

6%

$80

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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