REI Lense

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$2,976 (target)

5070 Watersail Way, Clover, SC 29710

3 beds • 2 baths • 2558 sqft

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This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $124k initial cash invested.

-11.65%

Cash On Cash

3.81%

Cap Rate

0.64

DSCR

$2,976

Rent

-$1,203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,976 income − $4,179 expenses = $1,203 out of pocket

Income$2,976Out of Pocket$1,203Mortgage P&I$2,92598%Property Taxes$1926%Insurance$2107%HOA$773%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

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Purchase Price

$590k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,976

Total Expenses

$4,179

Mortgage P&I

98%

$2,925

Property Taxes

6%

$192

Home Insurance

7%

$210

HOA

3%

$77

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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