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225 N Lanford Rd, Spartanburg, SC 29301

3 beds • 2 baths • 1503 sqft

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This property might be a fair Mid-Term investment with a projected 1.49% first-year return on $73,335 initial cash invested.

1.49%

Cash On Cash

6.64%

Cap Rate

1.15

DSCR

$2,410

Rent

$91

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

$73,335

Downpayment

20%

$52,700

Closing costs

1%

$2,635

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,410

Total Expenses

$2,319

Mortgage P&I

53%

$1,272

Property Taxes

6%

$135

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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