REI Lense

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$2,920 (target)

293 Berry Rd, Boiling Springs, SC 29316

3 beds • 3 baths • 2546 sqft

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This property looks like a bad Mid-Term investment with a projected -8.44% first-year return on $119k initial cash invested.

-8.44%

Cash On Cash

4.47%

Cap Rate

0.71

DSCR

$2,920

Rent

-$839

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,920 income − $3,759 expenses = $839 out of pocket

Income$2,920Out of Pocket$839Mortgage P&I$2,52086%Property Taxes$712%Insurance$1756%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%

Investment Breakdown

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Purchase Price

$482k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,480

Closing costs

1%

$4,824

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,920

Total Expenses

$3,759

Mortgage P&I

86%

$2,520

Property Taxes

2%

$71

Home Insurance

6%

$175

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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