REI Lense

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$2,244 (target)

133 Sunset Strip, Elgin, SC 29045

3 beds • 2 baths • 1010 sqft

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This property might be a fair Mid-Term investment with a projected 9.44% first-year return on $56,199 initial cash invested.

9.44%

Cash On Cash

9.72%

Cap Rate

1.56

DSCR

$2,244

Rent

$442

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,244 income − $1,802 expenses = $442 cash flow

Income$2,244Mortgage P&I$94242%Property Taxes$321%Insurance$653%Management$26912%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%Cash Flow$442

Investment Breakdown

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Purchase Price

$182k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,199

Downpayment

20%

$36,380

Closing costs

1%

$1,819

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,244

Total Expenses

$1,802

Mortgage P&I

42%

$942

Property Taxes

1%

$32

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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