REI Lense

REI Lense

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$1,635 (target)

307 Sherondale Ln, Simpsonville, SC 29680

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -10.93% first-year return on $57,540 initial cash invested.

-10.93%

Cash On Cash

4.74%

Cap Rate

0.71

DSCR

$1,635

Rent

-$524

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,635 income − $2,159 expenses = $524 out of pocket

Income$1,635Out of Pocket$524Mortgage P&I$1,52493%Property Taxes$1117%Insurance$986%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,540

Downpayment

20%

$54,800

Closing costs

1%

$2,740

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,635

Total Expenses

$2,159

Mortgage P&I

93%

$1,524

Property Taxes

7%

$111

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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