REI Lense

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$3,024 (target)

245 Silverbelle Blvd., Longs, SC 29568

3 beds • 2 baths • 1884 sqft

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This property might be a fair Mid-Term investment with a projected 4.45% first-year return on $80,601 initial cash invested.

4.45%

Cash On Cash

7.71%

Cap Rate

1.28

DSCR

$3,024

Rent

$299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,024 income − $2,725 expenses = $299 cash flow

Income$3,024Mortgage P&I$1,49649%Property Taxes$672%Insurance$1084%HOA$251%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$299

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,601

Downpayment

20%

$59,620

Closing costs

1%

$2,981

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,024

Total Expenses

$2,725

Mortgage P&I

49%

$1,496

Property Taxes

2%

$67

Home Insurance

4%

$108

HOA

1%

$25

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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