REI Lense

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$1,970 (target)

309 Del Norte Rd, Greenville, SC 29615

3 beds • 2 baths • 1572 sqft

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This property looks like a bad Long-Term investment with a projected -6.14% first-year return on $66,255 initial cash invested.

-6.14%

Cash On Cash

5.1%

Cap Rate

0.85

DSCR

$1,970

Rent

-$339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,970 income − $2,309 expenses = $339 out of pocket

Income$1,970Out of Pocket$339Mortgage P&I$1,58180%Property Taxes$1035%Insurance$1146%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,255

Downpayment

20%

$63,100

Closing costs

1%

$3,155

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,970

Total Expenses

$2,309

Mortgage P&I

80%

$1,581

Property Taxes

5%

$103

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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