REI Lense

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$3,028 (target)

429 Ambiance Ct, Spartanburg, SC 29301

3 beds • 3 baths • 1847 sqft

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This property might be a fair Mid-Term investment with a projected 0.5% first-year return on $86,229 initial cash invested.

0.5%

Cash On Cash

6.99%

Cap Rate

1.09

DSCR

$3,028

Rent

$36

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,028 income − $2,992 expenses = $36 cash flow

Income$3,028Mortgage P&I$1,73557%Property Taxes$813%Insurance$1144%HOA$331%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$36

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,028

Total Expenses

$2,992

Mortgage P&I

57%

$1,735

Property Taxes

3%

$81

Home Insurance

4%

$114

HOA

1%

$33

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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