REI Lense

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$3,218 (target)

234 Rivers Edge Cir, Simpsonville, SC 29680

3 beds • 3 baths • 1839 sqft

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This property might be a fair Mid-Term investment with a projected 2.69% first-year return on $85,998 initial cash invested.

2.69%

Cash On Cash

7.17%

Cap Rate

1.2

DSCR

$3,218

Rent

$193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,218 income − $3,025 expenses = $193 cash flow

Income$3,218Mortgage P&I$1,61350%Property Taxes$1545%Insurance$1154%HOA$481%Management$38612%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%Cash Flow$193

Investment Breakdown

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Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,998

Downpayment

20%

$64,760

Closing costs

1%

$3,238

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,218

Total Expenses

$3,025

Mortgage P&I

50%

$1,613

Property Taxes

5%

$154

Home Insurance

4%

$115

HOA

1%

$48

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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