REI Lense

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$1,819 (target)

223 Eastland Dr, Greer, SC 29651

3 beds • 2 baths • 1320 sqft

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This property looks like a bad Long-Term investment with a projected -6.22% first-year return on $59,451 initial cash invested.

-6.22%

Cash On Cash

5.19%

Cap Rate

0.85

DSCR

$1,819

Rent

-$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,819 income − $2,127 expenses = $308 out of pocket

Income$1,819Out of Pocket$308Mortgage P&I$1,44279%Property Taxes$1116%Insurance$1016%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,451

Downpayment

20%

$56,620

Closing costs

1%

$2,831

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,819

Total Expenses

$2,127

Mortgage P&I

79%

$1,442

Property Taxes

6%

$111

Home Insurance

6%

$101

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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