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225 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 -6.74% first-year return on $55,335 initial cash invested.

-6.74%

Cash On Cash

4.74%

Cap Rate

0.82

DSCR

$1,607

Rent

-$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,335

Downpayment

20%

$52,700

Closing costs

1%

$2,635

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,607

Total Expenses

$1,918

Mortgage P&I

79%

$1,272

Property Taxes

8%

$135

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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