REI Lense

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$2,384 (target)

307 Seven Oaks Ln, Spartanburg, SC 29301

3 beds • 2 baths • 2054 sqft

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This property looks like a bad Mid-Term investment with a projected -3.61% first-year return on $78,795 initial cash invested.

-3.61%

Cash On Cash

6.08%

Cap Rate

0.91

DSCR

$2,384

Rent

-$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,384 income − $2,621 expenses = $237 out of pocket

Income$2,384Out of Pocket$237Mortgage P&I$1,61068%Property Taxes$1004%Insurance$1014%Management$28612%CapEx$954%Vacancy$723%Maintenance$954%Other$26211%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,795

Downpayment

20%

$57,900

Closing costs

1%

$2,895

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,384

Total Expenses

$2,621

Mortgage P&I

68%

$1,610

Property Taxes

4%

$100

Home Insurance

4%

$101

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$72

Maintenance

4%

$95

Other

11%

$262

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