REI Lense

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$1,885 (target)

2600 Meridian St, Florence, SC 29505

3 beds • 2 baths • 1820 sqft

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This property might be a fair Long-Term investment with a projected 2.32% first-year return on $46,473 initial cash invested.

2.32%

Cash On Cash

7.36%

Cap Rate

1.16

DSCR

$1,885

Rent

$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,885 income − $1,795 expenses = $90 cash flow

Income$1,885Mortgage P&I$1,17362%Property Taxes$543%Insurance$794%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%Cash Flow$90

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,473

Downpayment

20%

$44,260

Closing costs

1%

$2,213

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,885

Total Expenses

$1,795

Mortgage P&I

62%

$1,173

Property Taxes

3%

$54

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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