REI Lense

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$3,330 (target)

322 Glass Rd, Piedmont, SC 29673

3 beds • 2 baths • 1651 sqft

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This property might be a fair Mid-Term investment with a projected 2.29% first-year return on $86,586 initial cash invested.

2.29%

Cash On Cash

7.36%

Cap Rate

1.17

DSCR

$3,330

Rent

$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,330 income − $3,165 expenses = $165 cash flow

Income$3,330Mortgage P&I$1,70651%Property Taxes$1635%Insurance$1163%HOA$481%Management$40012%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%Cash Flow$165

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,586

Downpayment

20%

$65,320

Closing costs

1%

$3,266

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,330

Total Expenses

$3,165

Mortgage P&I

51%

$1,706

Property Taxes

5%

$163

Home Insurance

3%

$116

HOA

1%

$48

Property Management

12%

$400

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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