REI Lense

REI Lense

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$2,134 (target)

181 Riverrun Dr, Spartanburg, SC 29303

3 beds • 3 baths • 2070 sqft

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This property looks like a bad Long-Term investment with a projected -0.9% first-year return on $57,477 initial cash invested.

-0.9%

Cash On Cash

6.32%

Cap Rate

1.05

DSCR

$2,134

Rent

-$43

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,134 income − $2,177 expenses = $43 out of pocket

Income$2,134Out of Pocket$43Mortgage P&I$1,37765%Property Taxes$1386%Insurance$964%HOA$111%Management$21310%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,477

Downpayment

20%

$54,740

Closing costs

1%

$2,737

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,134

Total Expenses

$2,177

Mortgage P&I

65%

$1,377

Property Taxes

6%

$138

Home Insurance

5%

$96

HOA

1%

$11

Property Management

10%

$213

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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