REI Lense

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$2,357 (target)

12029 Spinnaker Dr, Tega Cay, SC 29708

3 beds • 2 baths • 1897 sqft

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This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $97,692 initial cash invested.

-12.84%

Cash On Cash

3.52%

Cap Rate

0.6

DSCR

$2,357

Rent

-$1,045

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,357 income − $3,402 expenses = $1,045 out of pocket

Income$2,357Out of Pocket$1,045Mortgage P&I$2,29397%Property Taxes$32114%Insurance$1757%Management$23610%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,692

Downpayment

20%

$93,040

Closing costs

1%

$4,652

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,357

Total Expenses

$3,402

Mortgage P&I

97%

$2,293

Property Taxes

14%

$321

Home Insurance

7%

$175

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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