REI Lense

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$1,838 (target)

423 Promised Land Dr, Spartanburg, SC 29306

3 beds • 3 baths • 1570 sqft

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This property looks like a bad Long-Term investment with a projected -1.72% first-year return on $46,011 initial cash invested.

-1.72%

Cash On Cash

6.87%

Cap Rate

1.02

DSCR

$1,838

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,838 income − $1,904 expenses = $66 out of pocket

Income$1,838Out of Pocket$66Mortgage P&I$1,22967%Property Taxes$1207%Insurance$774%Management$18410%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,011

Downpayment

20%

$43,820

Closing costs

1%

$2,191

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,838

Total Expenses

$1,904

Mortgage P&I

67%

$1,229

Property Taxes

7%

$120

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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