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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 Long-Term investment with a projected -11.77% first-year return on $56,679 initial cash invested.

-11.77%

Cash On Cash

3.65%

Cap Rate

0.63

DSCR

$1,508

Rent

-$556

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

$56,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,508

Total Expenses

$2,064

Mortgage P&I

86%

$1,303

Property Taxes

18%

$276

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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