REI Lense

REI Lense

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$1,592 (target)

123 Gower Rd, Spartanburg, SC 29303

3 beds • 2 baths • 1250 sqft

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This property looks like a bad Long-Term investment with a projected -2.61% first-year return on $45,528 initial cash invested.

-2.61%

Cash On Cash

5.92%

Cap Rate

0.98

DSCR

$1,592

Rent

-$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,528

Downpayment

20%

$43,360

Closing costs

1%

$2,168

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,592

Total Expenses

$1,691

Mortgage P&I

68%

$1,089

Property Taxes

7%

$110

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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