REI Lense

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$2,020 (target)

3641 New Cut Rd, Inman, SC 29349

3 beds • 2 baths • 1872 sqft

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This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $85,386 initial cash invested.

-12.3%

Cash On Cash

3.73%

Cap Rate

0.62

DSCR

$2,020

Rent

-$875

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,020 income − $2,895 expenses = $875 out of pocket

Income$2,020Out of Pocket$875Mortgage P&I$2,038101%Property Taxes$1839%Insurance$1497%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,386

Downpayment

20%

$81,320

Closing costs

1%

$4,066

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,020

Total Expenses

$2,895

Mortgage P&I

101%

$2,038

Property Taxes

9%

$183

Home Insurance

7%

$149

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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