REI Lense

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$2,892 (target)

2273 Inverness Dr, Florence, SC 29505

3 beds • 2 baths • 1679 sqft

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This property might be a fair Mid-Term investment with a projected 6.55% first-year return on $73,839 initial cash invested.

6.55%

Cash On Cash

8.38%

Cap Rate

1.39

DSCR

$2,892

Rent

$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,892 income − $2,489 expenses = $403 cash flow

Income$2,892Mortgage P&I$1,33846%Property Taxes$733%Insurance$943%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%Cash Flow$403

Investment Breakdown

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Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,839

Downpayment

20%

$53,180

Closing costs

1%

$2,659

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,892

Total Expenses

$2,489

Mortgage P&I

46%

$1,338

Property Taxes

3%

$73

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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