REI Lense

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$2,984 (target)

2816 Olde Mill Rd, Florence, SC 29505

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Mid-Term investment with a projected -2.88% first-year return on $85,074 initial cash invested.

-2.88%

Cash On Cash

5.62%

Cap Rate

0.95

DSCR

$2,984

Rent

-$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,984 income − $3,188 expenses = $204 out of pocket

Income$2,984Out of Pocket$204Mortgage P&I$1,58253%Property Taxes$47816%Insurance$1144%Management$35812%CapEx$1194%Vacancy$903%Maintenance$1194%Other$32811%

Investment Breakdown

|

Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,074

Downpayment

20%

$63,880

Closing costs

1%

$3,194

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,984

Total Expenses

$3,188

Mortgage P&I

53%

$1,582

Property Taxes

16%

$478

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$90

Maintenance

4%

$119

Other

11%

$328

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