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$2,432 (target)

2024 Edwards Lake Rd, Greer, SC 29651

3 beds • 2 baths • 1880 sqft

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This property looks like a bad Mid-Term investment with a projected -8.83% first-year return on $105k initial cash invested.

-8.83%

Cash On Cash

4.06%

Cap Rate

0.67

DSCR

$2,432

Rent

-$774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,432 income − $3,206 expenses = $774 out of pocket

Income$2,432Out of Pocket$774Mortgage P&I$2,08286%Property Taxes$1526%Insurance$1456%Management$29212%CapEx$974%Vacancy$733%Maintenance$974%Other$26811%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,432

Total Expenses

$3,206

Mortgage P&I

86%

$2,082

Property Taxes

6%

$152

Home Insurance

6%

$145

HOA

0%

$0

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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