REI Lense

REI Lense

$3,190 (target)

1473 Pleasant School Rd, Gaffney, SC 29341

3 beds • 2 baths • 1869 sqft

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This property might be a fair Mid-Term investment with a projected 2.51% first-year return on $86,628 initial cash invested.

2.51%

Cash On Cash

7.4%

Cap Rate

1.18

DSCR

$3,190

Rent

$181

Cashflow

Cash Flow

$3,190 income − $3,009 expenses = $181 cash flow

Income$3,190P&I$1,70754%Taxes$1013%Insurance$1154%Mgmt$38312%CapEx$1284%Vacancy$963%Maint.$1284%Other$35111%Cash Flow$181

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,628

Downpayment

20%

$65,360

Closing costs

1%

$3,268

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,190

Total Expenses

$3,009

Mortgage P&I

54%

$1,707

Property Taxes

3%

$101

Home Insurance

4%

$115

HOA

0%

$0

Property Management

12%

$383

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$351

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