REI Lense

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$2,018 (target)

231 Lander Dr., Conway, SC 29526

3 beds • 2 baths • 1835 sqft

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This property looks like a bad Long-Term investment with a projected -4.63% first-year return on $65,037 initial cash invested.

-4.63%

Cash On Cash

5.46%

Cap Rate

0.9

DSCR

$2,018

Rent

-$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,018 income − $2,269 expenses = $251 out of pocket

Income$2,018Out of Pocket$251Mortgage P&I$1,55877%Property Taxes$724%Insurance$1146%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,037

Downpayment

20%

$61,940

Closing costs

1%

$3,097

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,018

Total Expenses

$2,269

Mortgage P&I

77%

$1,558

Property Taxes

4%

$72

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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