REI Lense

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$2,342 (target)

4 Torrey Pine Ct, Spartanburg, SC 29306

3 beds • 2 baths • 2500 sqft

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This property looks like a bad Long-Term investment with a projected -16.34% first-year return on $111k initial cash invested.

-16.34%

Cash On Cash

2.78%

Cap Rate

0.47

DSCR

$2,342

Rent

-$1,512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,342 income − $3,854 expenses = $1,512 out of pocket

Income$2,342Out of Pocket$1,512Mortgage P&I$2,619112%Property Taxes$2179%Insurance$1928%HOA$2179%Management$23410%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,287

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,342

Total Expenses

$3,854

Mortgage P&I

112%

$2,619

Property Taxes

9%

$217

Home Insurance

8%

$192

HOA

9%

$217

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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