REI Lense

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$1,917 (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 Long-Term investment with a projected -15.5% first-year return on $69,069 initial cash invested.

-15.5%

Cash On Cash

3.5%

Cap Rate

0.55

DSCR

$1,917

Rent

-$892

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,917 income − $2,809 expenses = $892 out of pocket

Income$1,917Out of Pocket$892Mortgage P&I$1,75692%Property Taxes$1377%Insurance$1176%HOA$30016%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,069

Downpayment

20%

$65,780

Closing costs

1%

$3,289

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,917

Total Expenses

$2,809

Mortgage P&I

92%

$1,756

Property Taxes

7%

$137

Home Insurance

6%

$117

HOA

16%

$300

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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