REI Lense

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$2,956 (target)

215 Timberlane Rd, Greer, SC 29651

3 beds • 2 baths • 1748 sqft

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This property looks like a bad Mid-Term investment with a projected -7.17% first-year return on $112k initial cash invested.

-7.17%

Cash On Cash

4.51%

Cap Rate

0.75

DSCR

$2,956

Rent

-$671

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,956 income − $3,627 expenses = $671 out of pocket

Income$2,956Out of Pocket$671Mortgage P&I$2,24176%Property Taxes$2248%Insurance$1575%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,956

Total Expenses

$3,627

Mortgage P&I

76%

$2,241

Property Taxes

8%

$224

Home Insurance

5%

$157

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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