REI Lense

REI Lense

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$1,601 (target)

406 Jasmine St, Spartanburg, SC 29303

3 beds • 2 baths • 1373 sqft

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This property looks like a bad Long-Term investment with a projected -10.74% first-year return on $52,290 initial cash invested.

-10.74%

Cash On Cash

4.4%

Cap Rate

0.7

DSCR

$1,601

Rent

-$468

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,601 income − $2,069 expenses = $468 out of pocket

Income$1,601Out of Pocket$468Mortgage P&I$1,30081%Property Taxes$26617%Insurance$875%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,601

Total Expenses

$2,069

Mortgage P&I

81%

$1,300

Property Taxes

17%

$266

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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