REI Lense

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$1,621 (target)

2024 Edwards Lake Rd, Greer, SC 29651

3 beds • 2 baths • 1880 sqft

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This property looks like a bad Long-Term investment with a projected -16.23% first-year return on $87,150 initial cash invested.

-16.23%

Cash On Cash

2.85%

Cap Rate

0.47

DSCR

$1,621

Rent

-$1,179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,621 income − $2,800 expenses = $1,179 out of pocket

Income$1,621Out of Pocket$1,179Mortgage P&I$2,082128%Property Taxes$1529%Insurance$1459%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,150

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,621

Total Expenses

$2,800

Mortgage P&I

128%

$2,082

Property Taxes

9%

$152

Home Insurance

9%

$145

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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