REI Lense

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$1,861 (target)

1603 Cherokee Dr, Seneca, SC 29672

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -5.38% first-year return on $54,453 initial cash invested.

-5.38%

Cash On Cash

5.47%

Cap Rate

0.89

DSCR

$1,861

Rent

-$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,861 income − $2,105 expenses = $244 out of pocket

Income$1,861Out of Pocket$244Mortgage P&I$1,33272%Property Taxes$19410%Insurance$955%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,453

Downpayment

20%

$51,860

Closing costs

1%

$2,593

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,861

Total Expenses

$2,105

Mortgage P&I

72%

$1,332

Property Taxes

10%

$194

Home Insurance

5%

$95

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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