REI Lense

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$2,246 (target)

505 Pointe Of Oaks Rd, Summerville, SC 29485

3 beds • 3 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -8.57% first-year return on $81,816 initial cash invested.

-8.57%

Cash On Cash

4.58%

Cap Rate

0.76

DSCR

$2,246

Rent

-$584

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,246 income − $2,830 expenses = $584 out of pocket

Income$2,246Out of Pocket$584Mortgage P&I$1,96087%Property Taxes$1487%Insurance$1386%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,816

Downpayment

20%

$77,920

Closing costs

1%

$3,896

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,246

Total Expenses

$2,830

Mortgage P&I

87%

$1,960

Property Taxes

7%

$148

Home Insurance

6%

$138

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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