REI Lense

REI Lense

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$2,838 (target)

232 Norris Rd, Spartanburg, SC 29303

3 beds • 2 baths • 1603 sqft

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This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $90,282 initial cash invested.

-3.46%

Cash On Cash

5.89%

Cap Rate

0.92

DSCR

$2,838

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,838 income − $3,098 expenses = $260 out of pocket

Income$2,838Out of Pocket$260Mortgage P&I$1,83565%Property Taxes$1756%Insurance$1224%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31211%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,282

Downpayment

20%

$68,840

Closing costs

1%

$3,442

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,838

Total Expenses

$3,098

Mortgage P&I

65%

$1,835

Property Taxes

6%

$175

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$312

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