REI Lense

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$1,948 (target)

221 Ann St, Pickens, SC 29671

3 beds • 3 baths • 1668 sqft

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This property looks like a bad Mid-Term investment with a projected -7.78% first-year return on $76,065 initial cash invested.

-7.78%

Cash On Cash

4.95%

Cap Rate

0.73

DSCR

$1,948

Rent

-$493

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,948 income − $2,441 expenses = $493 out of pocket

Income$1,948Out of Pocket$493Mortgage P&I$1,55580%Property Taxes$1246%Insurance$1005%Management$23412%CapEx$784%Vacancy$583%Maintenance$784%Other$21411%

Investment Breakdown

|

Purchase Price

$277k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,065

Downpayment

20%

$55,300

Closing costs

1%

$2,765

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,948

Total Expenses

$2,441

Mortgage P&I

80%

$1,555

Property Taxes

6%

$124

Home Insurance

5%

$100

HOA

0%

$0

Property Management

12%

$234

CapEx

4%

$78

Vacancy

3%

$58

Maintenance

4%

$78

Other

11%

$214

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