REI Lense

REI Lense

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$2,507 (target)

224 W Clark Rd, Inman, SC 29349

3 beds • 3 baths • 1643 sqft

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This property might be a fair Long-Term investment with a projected 2.27% first-year return on $64,911 initial cash invested.

2.27%

Cash On Cash

7.23%

Cap Rate

1.15

DSCR

$2,507

Rent

$123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,507 income − $2,384 expenses = $123 cash flow

Income$2,507Mortgage P&I$1,61564%Property Taxes$10Insurance$1084%Management$25110%CapEx$1255%Vacancy$1506%Maintenance$1255%Cash Flow$123

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,911

Downpayment

20%

$61,820

Closing costs

1%

$3,091

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,507

Total Expenses

$2,384

Mortgage P&I

64%

$1,615

Property Taxes

0%

$10

Home Insurance

4%

$108

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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