REI Lense

REI Lense

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$1,909 (target)

216 Olde Springs Rd, Columbia, SC 29223

3 beds • 2 baths • 1776 sqft

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This property looks like a bad Long-Term investment with a projected -1% first-year return on $53,739 initial cash invested.

-1%

Cash On Cash

6.27%

Cap Rate

1.04

DSCR

$1,909

Rent

-$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,909 income − $1,954 expenses = $45 out of pocket

Income$1,909Out of Pocket$45Mortgage P&I$1,28867%Property Taxes$794%Insurance$915%Management$19110%CapEx$955%Vacancy$1156%Maintenance$955%

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,739

Downpayment

20%

$51,180

Closing costs

1%

$2,559

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,909

Total Expenses

$1,954

Mortgage P&I

67%

$1,288

Property Taxes

4%

$79

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$95

Vacancy

6%

$115

Maintenance

5%

$95

Other

0%

$0

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