REI Lense

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$2,677 (target)

134 Norses Bay Ct, Summerville, SC 29486

3 beds • 2 baths • 1715 sqft

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This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $88,200 initial cash invested.

-9.51%

Cash On Cash

5.13%

Cap Rate

0.76

DSCR

$2,677

Rent

-$699

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,677 income − $3,376 expenses = $699 out of pocket

Income$2,677Out of Pocket$699Mortgage P&I$2,36288%Property Taxes$1706%Insurance$1475%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,200

Downpayment

20%

$84,000

Closing costs

1%

$4,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,677

Total Expenses

$3,376

Mortgage P&I

88%

$2,362

Property Taxes

6%

$170

Home Insurance

5%

$147

HOA

0%

$0

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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