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$2,876 (target)

130 N River Hills Dr, Spartanburg, SC 29303

3 beds • 3 baths • 2338 sqft

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This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $87,069 initial cash invested.

-5.66%

Cash On Cash

5.33%

Cap Rate

0.83

DSCR

$2,876

Rent

-$411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,876 income − $3,287 expenses = $411 out of pocket

Income$2,876Out of Pocket$411Mortgage P&I$1,75661%Property Taxes$1375%Insurance$1174%HOA$30010%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,069

Downpayment

20%

$65,780

Closing costs

1%

$3,289

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,876

Total Expenses

$3,287

Mortgage P&I

61%

$1,756

Property Taxes

5%

$137

Home Insurance

4%

$117

HOA

10%

$300

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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