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$2,828 (target)

2600 Meridian St, Florence, SC 29505

3 beds • 2 baths • 1820 sqft

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This property could be a profitable Mid-Term investment with a projected 10.44% first-year return on $64,473 initial cash invested.

10.44%

Cash On Cash

10.02%

Cap Rate

1.57

DSCR

$2,828

Rent

$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,828 income − $2,267 expenses = $561 cash flow

Income$2,828Mortgage P&I$1,17341%Property Taxes$542%Insurance$793%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%Cash Flow$561

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,473

Downpayment

20%

$44,260

Closing costs

1%

$2,213

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,828

Total Expenses

$2,267

Mortgage P&I

41%

$1,173

Property Taxes

2%

$54

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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