REI Lense

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$2,452 (target)

307 Sherondale Ln, Simpsonville, SC 29680

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -1.83% first-year return on $75,540 initial cash invested.

-1.83%

Cash On Cash

6.6%

Cap Rate

0.99

DSCR

$2,452

Rent

-$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,452 income − $2,567 expenses = $115 out of pocket

Income$2,452Out of Pocket$115Mortgage P&I$1,52462%Property Taxes$1115%Insurance$984%Management$29412%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,540

Downpayment

20%

$54,800

Closing costs

1%

$2,740

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,452

Total Expenses

$2,567

Mortgage P&I

62%

$1,524

Property Taxes

5%

$111

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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