REI Lense

REI Lense

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$2,220 (target)

322 Glass Rd, Piedmont, SC 29673

3 beds • 2 baths • 1651 sqft

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This property looks like a bad Long-Term investment with a projected -6.82% first-year return on $68,586 initial cash invested.

-6.82%

Cash On Cash

5.24%

Cap Rate

0.84

DSCR

$2,220

Rent

-$390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,220 income − $2,610 expenses = $390 out of pocket

Income$2,220Out of Pocket$390Mortgage P&I$1,70677%Property Taxes$1637%Insurance$1165%HOA$482%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,586

Downpayment

20%

$65,320

Closing costs

1%

$3,266

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,220

Total Expenses

$2,610

Mortgage P&I

77%

$1,706

Property Taxes

7%

$163

Home Insurance

5%

$116

HOA

2%

$48

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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