REI Lense

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$3,100 (target)

504 Fairway Dr, Fort Mill, SC 29715

3 beds • 3 baths • 3118 sqft

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This property looks like a bad Long-Term investment with a projected -15.04% first-year return on $146k initial cash invested.

-15.04%

Cash On Cash

3.15%

Cap Rate

0.52

DSCR

$3,100

Rent

-$1,833

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,100 income − $4,933 expenses = $1,833 out of pocket

Income$3,100Out of Pocket$1,833Mortgage P&I$3,505113%Property Taxes$34711%Insurance$2759%Management$31010%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

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Purchase Price

$696k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,963

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,100

Total Expenses

$4,933

Mortgage P&I

113%

$3,505

Property Taxes

11%

$347

Home Insurance

9%

$275

HOA

0%

$0

Property Management

10%

$310

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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