REI Lense

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$1,515 (target)

207 S Carolina Ave, Spartanburg, SC 29306

3 beds • 2 baths • 1490 sqft

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This property looks like a bad Long-Term investment with a projected -4.76% first-year return on $46,179 initial cash invested.

-4.76%

Cash On Cash

5.51%

Cap Rate

0.9

DSCR

$1,515

Rent

-$183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,515 income − $1,698 expenses = $183 out of pocket

Income$1,515Out of Pocket$183Mortgage P&I$1,11774%Property Taxes$1097%Insurance$775%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,515

Total Expenses

$1,698

Mortgage P&I

74%

$1,117

Property Taxes

7%

$109

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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