REI Lense

REI Lense

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$2,005 (target)

319 Wild Rice Dr, Simpsonville, SC 29681

3 beds • 2 baths • 2522 sqft

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This property looks like a bad Long-Term investment with a projected -10.52% first-year return on $80,304 initial cash invested.

-10.52%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$2,005

Rent

-$704

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,005 income − $2,709 expenses = $704 out of pocket

Income$2,005Out of Pocket$704Mortgage P&I$1,91996%Property Taxes$1327%Insurance$1387%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,304

Downpayment

20%

$76,480

Closing costs

1%

$3,824

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,005

Total Expenses

$2,709

Mortgage P&I

96%

$1,919

Property Taxes

7%

$132

Home Insurance

7%

$138

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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