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$2,272 (target)

207 S Carolina Ave, Spartanburg, SC 29306

3 beds • 2 baths • 1490 sqft

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This property might be a fair Mid-Term investment with a projected 3.66% first-year return on $64,179 initial cash invested.

3.66%

Cash On Cash

7.66%

Cap Rate

1.26

DSCR

$2,272

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,272 income − $2,076 expenses = $196 cash flow

Income$2,272Mortgage P&I$1,11749%Property Taxes$1095%Insurance$773%Management$27312%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%Cash Flow$196

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,272

Total Expenses

$2,076

Mortgage P&I

49%

$1,117

Property Taxes

5%

$109

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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