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$4,360 (target)

217 Mary Locke Ct, Elgin, SC 29045

3 beds • 3 baths • 3091 sqft

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This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $132k initial cash invested.

-6.27%

Cash On Cash

4.97%

Cap Rate

0.81

DSCR

$4,360

Rent

-$691

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,360 income − $5,051 expenses = $691 out of pocket

Income$4,360Out of Pocket$691Mortgage P&I$2,77264%Property Taxes$3488%Insurance$1924%HOA$2576%Management$52312%CapEx$1744%Vacancy$1313%Maintenance$1744%Other$48011%

Investment Breakdown

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Purchase Price

$544k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$109k

Closing costs

1%

$5,444

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,360

Total Expenses

$5,051

Mortgage P&I

64%

$2,772

Property Taxes

8%

$348

Home Insurance

4%

$192

HOA

6%

$257

Property Management

12%

$523

CapEx

4%

$174

Vacancy

3%

$131

Maintenance

4%

$174

Other

11%

$480

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