REI Lense

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$3,513 (target)

4 Torrey Pine Ct, Spartanburg, SC 29306

3 beds • 2 baths • 2500 sqft

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This property looks like a bad Mid-Term investment with a projected -8.62% first-year return on $129k initial cash invested.

-8.62%

Cash On Cash

4.16%

Cap Rate

0.7

DSCR

$3,513

Rent

-$927

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,513 income − $4,440 expenses = $927 out of pocket

Income$3,513Out of Pocket$927Mortgage P&I$2,61975%Property Taxes$2176%Insurance$1925%HOA$2176%Management$42212%CapEx$1414%Vacancy$1053%Maintenance$1414%Other$38611%

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,287

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,513

Total Expenses

$4,440

Mortgage P&I

75%

$2,619

Property Taxes

6%

$217

Home Insurance

5%

$192

HOA

6%

$217

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$105

Maintenance

4%

$141

Other

11%

$386

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