REI Lense

REI Lense

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$1,230 (target)

2 Julian Bond Ln, Spartanburg, SC 29307

3 beds • 2 baths • 1056 sqft

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This property could be a profitable Long-Term investment with a projected 30.82% first-year return on $16,779 initial cash invested.

30.82%

Cash On Cash

13.56%

Cap Rate

2.2

DSCR

$1,230

Rent

$431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,230 income − $799 expenses = $431 cash flow

Income$1,230Mortgage P&I$41033%Property Taxes$403%Insurance$282%Management$12310%CapEx$625%Vacancy$746%Maintenance$625%Cash Flow$431

Investment Breakdown

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Purchase Price

$79,900

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$16,779

Downpayment

20%

$15,980

Closing costs

1%

$799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,230

Total Expenses

$799

Mortgage P&I

33%

$410

Property Taxes

3%

$40

Home Insurance

2%

$28

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$62

Vacancy

6%

$74

Maintenance

5%

$62

Other

0%

$0

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