REI Lense

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$2,864 (target)

216 Olde Springs Rd, Columbia, SC 29223

3 beds • 2 baths • 1776 sqft

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This property might be a fair Mid-Term investment with a projected 7.21% first-year return on $71,739 initial cash invested.

7.21%

Cash On Cash

8.6%

Cap Rate

1.42

DSCR

$2,864

Rent

$431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,864 income − $2,433 expenses = $431 cash flow

Income$2,864Mortgage P&I$1,28845%Property Taxes$793%Insurance$913%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31511%Cash Flow$431

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,739

Downpayment

20%

$51,180

Closing costs

1%

$2,559

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,864

Total Expenses

$2,433

Mortgage P&I

45%

$1,288

Property Taxes

3%

$79

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$315

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