REI Lense

REI Lense

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$2,756 (target)

1326 Mount Zion Rd, Spartanburg, SC 29303

3 beds • 2 baths • 1780 sqft

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This property looks like a bad Mid-Term investment with a projected -4.36% first-year return on $88,350 initial cash invested.

-4.36%

Cash On Cash

5.28%

Cap Rate

0.87

DSCR

$2,756

Rent

-$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,756 income − $3,077 expenses = $321 out of pocket

Income$2,756Out of Pocket$321Mortgage P&I$1,68661%Property Taxes$33712%Insurance$1174%Management$33112%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30311%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,756

Total Expenses

$3,077

Mortgage P&I

61%

$1,686

Property Taxes

12%

$337

Home Insurance

4%

$117

HOA

0%

$0

Property Management

12%

$331

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$303

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