REI Lense

REI Lense

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$2,019 (target)

429 Ambiance Ct, Spartanburg, SC 29301

3 beds • 3 baths • 1847 sqft

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This property looks like a bad Long-Term investment with a projected -8.25% first-year return on $68,229 initial cash invested.

-8.25%

Cash On Cash

5.05%

Cap Rate

0.79

DSCR

$2,019

Rent

-$469

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,019 income − $2,488 expenses = $469 out of pocket

Income$2,019Out of Pocket$469Mortgage P&I$1,73586%Property Taxes$814%Insurance$1146%HOA$332%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,019

Total Expenses

$2,488

Mortgage P&I

86%

$1,735

Property Taxes

4%

$81

Home Insurance

6%

$114

HOA

2%

$33

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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