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$3,536 (target)

12029 Spinnaker Dr, Tega Cay, SC 29708

3 beds • 2 baths • 1897 sqft

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This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $116k initial cash invested.

-4.71%

Cash On Cash

5.11%

Cap Rate

0.86

DSCR

$3,536

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,536 income − $3,990 expenses = $454 out of pocket

Income$3,536Out of Pocket$454Mortgage P&I$2,29365%Property Taxes$3219%Insurance$1755%Management$42412%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38911%

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,040

Closing costs

1%

$4,652

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,536

Total Expenses

$3,990

Mortgage P&I

65%

$2,293

Property Taxes

9%

$321

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$424

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$389

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