REI Lense

REI Lense

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$1,956 (target)

1337 Midtown Village Dr., Conway, SC 29526

3 beds • 2 baths • 1480 sqft

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This property looks like a bad Long-Term investment with a projected -6.4% first-year return on $54,390 initial cash invested.

-6.4%

Cash On Cash

5.35%

Cap Rate

0.86

DSCR

$1,956

Rent

-$290

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,956 income − $2,246 expenses = $290 out of pocket

Income$1,956Out of Pocket$290Mortgage P&I$1,34669%Property Taxes$1086%Insurance$935%HOA$19010%Management$19610%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,956

Total Expenses

$2,246

Mortgage P&I

69%

$1,346

Property Taxes

6%

$108

Home Insurance

5%

$93

HOA

10%

$190

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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