REI Lense

REI Lense

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$1,775 (target)

1202 W Palmetto St, Florence, SC 29501

3 beds • 2 baths • 2297 sqft

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This property looks like a bad Long-Term investment with a projected -4.3% first-year return on $52,710 initial cash invested.

-4.3%

Cash On Cash

5.79%

Cap Rate

0.92

DSCR

$1,775

Rent

-$189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,775 income − $1,964 expenses = $189 out of pocket

Income$1,775Out of Pocket$189Mortgage P&I$1,31174%Property Taxes$1006%Insurance$915%Management$17810%CapEx$895%Vacancy$1066%Maintenance$895%

Investment Breakdown

|

Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,710

Downpayment

20%

$50,200

Closing costs

1%

$2,510

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,775

Total Expenses

$1,964

Mortgage P&I

74%

$1,311

Property Taxes

6%

$100

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$106

Maintenance

5%

$89

Other

0%

$0

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