REI Lense

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$1,760 (target)

2435 Merrill Way, Boiling Springs, SC 29316

3 beds • 2 baths • 1533 sqft

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This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $61,215 initial cash invested.

-11.1%

Cash On Cash

3.98%

Cap Rate

0.67

DSCR

$1,760

Rent

-$566

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,760 income − $2,326 expenses = $566 out of pocket

Income$1,760Out of Pocket$566Mortgage P&I$1,44482%Property Taxes$1669%Insurance$1046%HOA$1549%Management$17610%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,215

Downpayment

20%

$58,300

Closing costs

1%

$2,915

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,760

Total Expenses

$2,326

Mortgage P&I

82%

$1,444

Property Taxes

9%

$166

Home Insurance

6%

$104

HOA

9%

$154

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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