REI Lense

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$3,201 (target)

181 Riverrun Dr, Spartanburg, SC 29303

3 beds • 3 baths • 2070 sqft

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This property might be a fair Mid-Term investment with a projected 7.81% first-year return on $75,477 initial cash invested.

7.81%

Cash On Cash

8.75%

Cap Rate

1.45

DSCR

$3,201

Rent

$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,201 income − $2,710 expenses = $491 cash flow

Income$3,201Mortgage P&I$1,37743%Property Taxes$1384%Insurance$963%HOA$11Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%Cash Flow$491

Investment Breakdown

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Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,477

Downpayment

20%

$54,740

Closing costs

1%

$2,737

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,201

Total Expenses

$2,710

Mortgage P&I

43%

$1,377

Property Taxes

4%

$138

Home Insurance

3%

$96

HOA

0%

$11

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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