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$2,145 (target)

497 Kent St, Spartanburg, SC 29301

3 beds • 2 baths • 1696 sqft

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This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $78,816 initial cash invested.

-3.26%

Cash On Cash

5.42%

Cap Rate

0.91

DSCR

$2,145

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,145 income − $2,359 expenses = $214 out of pocket

Income$2,145Out of Pocket$214Mortgage P&I$1,43567%Property Taxes$904%Insurance$1055%Management$25712%CapEx$864%Vacancy$643%Maintenance$864%Other$23611%

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,816

Downpayment

20%

$57,920

Closing costs

1%

$2,896

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,145

Total Expenses

$2,359

Mortgage P&I

67%

$1,435

Property Taxes

4%

$90

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$257

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$236

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