REI Lense

REI Lense

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$2,240 (target)

118 W Belvedere Rd, Greenville, SC 29605

3 beds • 2 baths • 1517 sqft

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This property looks like a bad Long-Term investment with a projected -3.73% first-year return on $65,016 initial cash invested.

-3.73%

Cash On Cash

5.77%

Cap Rate

0.94

DSCR

$2,240

Rent

-$202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,240 income − $2,442 expenses = $202 out of pocket

Income$2,240Out of Pocket$202Mortgage P&I$1,57970%Property Taxes$1718%Insurance$1105%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,016

Downpayment

20%

$61,920

Closing costs

1%

$3,096

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,240

Total Expenses

$2,442

Mortgage P&I

70%

$1,579

Property Taxes

8%

$171

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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