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220 N Lanford Rd, Spartanburg, SC 29301

3 beds • 2 baths • 1503 sqft

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This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $74,679 initial cash invested.

-2.88%

Cash On Cash

5.4%

Cap Rate

0.93

DSCR

$2,262

Rent

-$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,262

Total Expenses

$2,441

Mortgage P&I

58%

$1,303

Property Taxes

12%

$276

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$249

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