REI Lense

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$1,879 (target)

402 Woodley Rd, Spartanburg, SC 29306

3 beds • 2 baths • 2273 sqft

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This property looks like a bad Long-Term investment with a projected -5.11% first-year return on $59,829 initial cash invested.

-5.11%

Cash On Cash

5.23%

Cap Rate

0.89

DSCR

$1,879

Rent

-$255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,879 income − $2,134 expenses = $255 out of pocket

Income$1,879Out of Pocket$255Mortgage P&I$1,40375%Property Taxes$1428%Insurance$1005%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,879

Total Expenses

$2,134

Mortgage P&I

75%

$1,403

Property Taxes

8%

$142

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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