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$2,662 (target)

1202 W Palmetto St, Florence, SC 29501

3 beds • 2 baths • 2297 sqft

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This property might be a fair Mid-Term investment with a projected 4.34% first-year return on $70,710 initial cash invested.

4.34%

Cash On Cash

8%

Cap Rate

1.28

DSCR

$2,662

Rent

$256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,662 income − $2,406 expenses = $256 cash flow

Income$2,662Mortgage P&I$1,31149%Property Taxes$1004%Insurance$913%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29311%Cash Flow$256

Investment Breakdown

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Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,710

Downpayment

20%

$50,200

Closing costs

1%

$2,510

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,662

Total Expenses

$2,406

Mortgage P&I

49%

$1,311

Property Taxes

4%

$100

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$293

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