REI Lense

REI Lense

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$2,075 (target)

1215 Ocean Mist Dr., Little River, SC 29566

3 beds • 2 baths • 1536 sqft

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This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $71,673 initial cash invested.

-10.5%

Cash On Cash

4.12%

Cap Rate

0.69

DSCR

$2,075

Rent

-$627

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,075 income − $2,702 expenses = $627 out of pocket

Income$2,075Out of Pocket$627Mortgage P&I$1,69482%Property Taxes$1206%Insurance$1407%HOA$20810%Management$20810%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,673

Downpayment

20%

$68,260

Closing costs

1%

$3,413

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,075

Total Expenses

$2,702

Mortgage P&I

82%

$1,694

Property Taxes

6%

$120

Home Insurance

7%

$140

HOA

10%

$208

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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